Use the Table for the Question(s)below

question 11

Essay

Use the table for the question(s)below.
Consider the following four bonds that pay annual coupons:
-Assume that the YTM increases by 1% for each of the four bonds listed.Rank the bonds based upon the sensitivity of their prices from least to most sensitive.

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Definitions:

Innominate Bone

Another term for the hip bone, comprising the ilium, ischium, and pubis, which are fused in adults.

Pelvic Girdle

The Pelvic Girdle is a ring-like bony structure, located at the base of the spine, to which the lower limbs are attached in humans and other vertebrates.

Hip Bones

The large bones that form the base of the pelvis and articulate with the femur at the hip joints; these are comprised of three parts: ilium, ischium, and pubis.

Coccyx

The small, triangular bone at the base of the spinal column, consisting of three to five fused vertebrae, also known as the tailbone.