You just bought a fifteen-year maturity Xerox corporate bond rated AA with a 0% coupon. You expect to sell the bond in eight years. Find the expected interest rate at the time of sale (watch out for rounding error).

		12.49%
		At the time you bought the Xerox bond above, there was also a similar Xerox 15 year AA bond paying a 6% coupon. In terms of duration, the coupon bond is riskier.

True or False?