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Which one of the following bonds has the greatest interest rate (price) risk? a. 10-year; 4 percent coupon b. 15-year; 9 percent coupon C. 15-year;

Which one of the following bonds has the greatest interest rate (price) risk? a. 10-year; 4 percent coupon b. 15-year; 9 percent coupon C. 15-year; 4 percent coupon d. 10-year; 9 percent coupon

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