Question

Holding other factors constant, which one of the following bonds has the smallest price volatility?

A. 20-year, 0% coupon bond

B. 20-year, 6% coupon bond

C. 20 year, 7% coupon bond

D. 20-year, 9% coupon bond

E. Cannot tell from the information given

Answer

This answer is hidden. It contains 86 characters.