All of the following bonds have 5 years to go to maturity. Which would have the greatest price change in response to a change in interest rates?
A) 7-½%, A rated, price 102.
B) 7-½%, B rated, price 88.
C) 7-½%, BBB rated, price 95.
D) 7-½%, AA rated, price 108.
Answer: B) 7-½%, B rated, price 88.