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Which of the following investments has the lowest duration? Assume time to maturity are fixed at 10 years for all investments. a) A zero-coupon bond

Which of the following investments has the lowest duration? Assume time to maturity are fixed at 10 years for all investments.

a) A zero-coupon bond with 20% yield-to-maturity.

b) A 15% annual coupon paying bond with 6% yield-to-maturity.

c) A 3% annual coupon paying bond with 15% yield-to-maturity.

d) A 15% annual coupon paying bond with 15% yield-to-maturity.

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