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Which of the following two bonds is more price sensitive to changes in interest rates? A par - value bond, A , with 1 2

Which of the following two bonds is more price sensitive to changes in interest rates?
A par-value bond, A, with 12 years to maturity and a 12% coupon rate.
A zero-coupon bond, B, with 12 years to maturity and a 12% yield to maturity.
d. Both have the same sensitivity because both have the same yield to maturity.
a. Bond A because of the higher yield to maturity
b. Bond A because of the longer time to maturity
c. Bond B because of the longer duration
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