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Business, 31.12.2019 04:31 saintsfan2004

Which one of the following bonds is more price sensitive to changes in interest rates and why? a. exxon 10% coupon due in 12/31/2022 selling at $100 b. ustn 0% due in 12/31/2022with a yield of 10% (this is a zero coupon bond)

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