Q.

Which of the following bonds has the shortest duration?

A. Coupon = 15%, time to maturity = 15 years, yield to maturity = 10%
B. Coupon = 12%, time to maturity = 20 years, yield to maturity = 10%
C. Coupon = 15%, time to maturity = 15 years, yield to maturity = 15%
D. Coupon = 10%, time to maturity = 20 years, yield to maturity = 10%
Answer» C. Coupon = 15%, time to maturity = 15 years, yield to maturity = 15%
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