You have three bonds: A, B, and C. Bond A has a coupon rate of 10% and maturity of 10 years. Bond B has a coupon rate of 12% and maturity of 10 years. Bond C has the coupon rate of 12% and maturity of 8 years. Which bond has the lowest sensitivity to the changes in the interest rate (yield)?

Multiple Choice

Option 1: Bond A.

Option 2: Bond B.

Option 3: Bond C.

Option 4: Bonds A & B.

Option 5: Bond A & C.

Option 6: Bonds B & C.