Bonds could be short-term, medium term or long term. If you thought that interest rates were about to increase, which bond would be the worst to own and why?
Relate your answer to the following bonds:
a. 10-year, 5 percent coupon
b. 10-year, 0 percent coupon
c. 15-year, 5 percent coupon
d. 15-year, 0 percent coupon