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Two bonds are selling at par value, and each has 17 years to maturity

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Two bonds are selling at par value, and each has 17 years to maturity. The first bond has a

coupon rate of 6%, and the sec

ond bond has a coupon rate of

13%. Which of

the following

is true about the durations of these bonds?

A) The duration of the higher coupon bond will be higher.

B) The duration of the lower coupon bond will be higher.

C) The duration of the higher coupon bond will equal the duration of the lower coupon

bond.

D) There is no consistent statement that

can be made about the

durations of the bonds.