Q. Which of the following bonds has the shortest duration? (Solved)

1. Coupon = 15%, time to maturity = 15 years, yield to maturity = 10%

2. Coupon = 12%, time to maturity = 20 years, yield to maturity = 10%

3. Coupon = 15%, time to maturity = 15 years, yield to maturity = 15%