Which of the following bonds as the greatest price change


Which of the following bonds as the greatest price change for a given change in interest rates?

a. A 10-year bond paying 5% semi-annually

b. A 10-year bond paying 5% annually

c. A 10-year zero coupon bond

d. A 2-year zero coupon bond

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Financial Management: Which of the following bonds as the greatest price change
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