Diego expects the market interest rate will keep decreasing in the future. Which of the...
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Accounting
Diego expects the market interest rate will keep decreasing in the future. Which of the following bond would give him the highest return based on his expectation?
Select one:
a. A 20-year 5% coupon bond
b. A 2-year 10% coupon bond
c. A 30-year zero coupon bond
d. A 3-year zero coupon bond
e. A 5-year 10% coupon bond
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