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Use the table for the question(s) below.
Consider the following four bonds that pay annual coupons:
-Which of the four bonds is the most sensitive to a one percent increase in the YTM?
Implements
A keyword in Java used by classes to specify that they will provide implementations for the methods defined in an interface.
Interface
In programming, an interface is a reference type that defines a set of abstract methods that a class must implement.
Concrete Class
A class that has an implementation for all of its methods, as opposed to abstract classes which can contain unimplemented methods.
Abstract Class
A class that cannot be instantiated and is designed to be subclassed, often containing one or more abstract methods which must be implemented by subclasses.
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