Bond Price Movement

Which of the following bonds would be expected to experience the greatest price decline if interest rates rise by 1%?

  1. A 3-year corporate bond with a 5% coupon
  2. A 10-year Treasury bond with a 7% coupon
  3. A 10-year Treasury bond with a 3% coupon
  4. A 5-year municipal bond with a 6% coupon