Why are zero-coupon bonds the most price sensitive of any type of bond issue?

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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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Question Posted: Sep 21, 2015 05:43 AM

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Why are zero-coupon bonds the most price sensitive of any type of bond issue?

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Zerocoupon bonds are the most sensitive beca...View the full answer

Fundamentals of Investment Management

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