单选题 Which of the following bonds has the shortest duration? A bond with a: A. 20-year maturity, 6 percent coupon rate. B. 10-year maturity, 6 percent coupon rate. C. 10-year maturity, 10 percent coupon rate.

【正确答案】 C

【答案解析】All else constant, a bond with a longer maturity will be more sensitive to changes in interest rates. All else constant, a bond with a lower coupon will have greater interest rate risk.