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Which one of the following bonds has the greatest interest rate risk? A 1-year bond with a 10% coupon rate. A 5-year bond with a
Which one of the following bonds has the greatest interest rate risk?
A 1-year bond with a 10% coupon rate.
A 5-year bond with a 10% coupon rate.
A 30-year bond with a 10% coupon rate.
A 30-year bond with a 3% coupon rate.
A 1-year bond with an 8% coupon rate.
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