Which one of the following bonds has the greatest interest rate risk?
a. 9-year; 7 percent coupon
b. 9-year; 9 percent coupon
c. 5-year; 7 percent coupon
d. 5-year; 9 percent coupon
e. 7-year; 7 percent coupon.© BrainMass Inc. brainmass.com June 3, 2020, 9:09 pm ad1c9bdddf
An answer is briefly selected from a list of durations and coupon percentages.