Circle the security with the higher duration and explain


Circle the security with the higher duration, and explain your choice. Assume all else is equal other than the characteristics listed.

a. 5-year, 10% coupon bond vs. 5-year, 8% coupon bond

b.5-year bond with a YTM of 10% vs. 5-year bond with a YTM of 3%

c.9-month Treasury Bill vs. Treasury bond with 9 months remaining

d.10-year annuity of $25 (paid semiannually) vs. 10-year bond with coupon of $25 (paid semiannually

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Financial Management: Circle the security with the higher duration and explain
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