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QUESTION
Problem 5: Duration (10 points). Rank the following securities according to their interest rate sensitivity in declining order:
Problem 5: Duration (10 points). Rank the following securities according to their interest rate sensitivity in declining order:1) A 30-year zero coupon bond at 6%2) A 30-year fixed-rate mortgage with an interest rate of 6% 3) A 30-year bond with a coupon rate of 6%4) A 30-year bond with a coupon rate of 3%
