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Which one of the following bonds is the least sensitive to interest rate risk? 3-year; 5 percent coupon 3-year; zero coupon 6-year; zero coupon 6-year;

Which one of the following bonds is the least sensitive to interest rate risk?

3-year; 5 percent coupon

3-year; zero coupon

6-year; zero coupon

6-year; 5 percent coupon

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