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Which one of the following bonds has the greatest interest rate risk? Multiple Choice 10-year, zero-coupon 10-year, 8% coupon 20-year, zero-coupon 20-year, 4% coupon 20-year,
Which one of the following bonds has the greatest interest rate risk?
Multiple Choice
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10-year, zero-coupon
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10-year, 8% coupon
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20-year, zero-coupon
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20-year, 4% coupon
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20-year, 8% coupon
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