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Consider the following bonds Bond Coupon Rate (Annual Payments) Maturity(Years) A 3% 8 B 5% 8...

Consider the following bonds

Bond

Coupon Rate (Annual Payments) Maturity(Years)
A 3%

8

B 5% 8
C 3% 4
D 5% 4

Which of the bonds (A – D) is most sensitive to a 1% increase in interest rates. Which is least sensitive?

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