[دلع جدهـ]

Explain briefly the difference between price risk and reinvestment risk. Which of the following bonds has the most price risk? Which has the most reinvestment risk
· A 1-year bond with a 9% annual coupon
· A 5-year bond with a 9% annual coupon
· A 5-year bond with a zero coupon
· A 10-year bond with a zero coupon