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Which of these bonds has the highest duration? Bond A Bond B Bond C Bond D Issue Date 12/31/1994 12/31/2018 9/1/2018 6/30/2019 Settlement Date 12/12/2019

Which of these bonds has the highest duration?

Bond A

Bond B

Bond C

Bond D

Issue Date

12/31/1994

12/31/2018

9/1/2018

6/30/2019

Settlement Date

12/12/2019

12/12/2019

12/12/2019

12/12/2019

Maturity Date

12/31/2024

12/31/2021

9/1/2028

6/30/2024

Coupon

5.05%

2.15%

3.67%

2.95%

YTM

4.15%

2.30%

2.81%

2.62%

Par

100.00

100.00

100.00

100.00

Price

104.06

99.70 106.61 101.41

Group of answer choices

A. Bond A

B. Bond B

C. Bond C

D. Bond D

^^^ What is the modified duration of the bond with the highest duration? (To 2 decimal places).

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