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Which one of the following assets is the least sensitive to interest rate risk? 1-year, 4 percent coupon 1-year; 6 percent coupon Cash 7-year, zero

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Which one of the following assets is the least sensitive to interest rate risk? 1-year, 4 percent coupon 1-year; 6 percent coupon Cash 7-year, zero coupon bond 7-year; 4 percent coupon

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