Which of the following bonds has the greatest price risk?
Select one:
a. A 10-year, $1,000 face value, 10% coupon bond with annual interest payments.
b. A 10-year, $1,000 face value, zero coupon bond.
c.
A 10-year $100 annuity.
d. All 10-year bonds have the same price risk since they have the same maturity.
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