Multiple Choice
Which of the following bonds has the longest duration?
A) A 15-year maturity, 0% coupon bond.
B) A 15-year maturity, 9% coupon bond.
C) A 20-year maturity, 9% coupon bond.
D) A 20-year maturity, 0% coupon bond.
Correct Answer:

Verified
Correct Answer:
Verified
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