Rank the durations or effective durations of the following pairs of bonds: a. Bond A is a 6% coupon bond, with a 20-year time to maturity selling at par value. Bond B is a 6% coupon bond, with a...

Rank the durations or effective durations of the following pairs of bonds:
a. Bond A is a 6% coupon bond, with a 20-year time to maturity selling at par value. Bond B is a 6% coupon bond, with a 20-year time to maturity selling below par value.
b. Bond A is a 20-year noncallable coupon bond with a coupon rate of 6%, selling at par. Bond B is a 20-year callable bond with a coupon rate of 7%, also selling at par.