All other things equal (ytm = 10%), which of the following has the longest duration?
Options
- A) a 30-year bond with a 10% coupon
- B) a 20-year bond with a 9% coupon
- C) a 20-year bond with a 7% coupon
- D) a 10-year zero-coupon bond
Correct Answer: A) a 30-year bond with a 10% coupon