If there is a decline in interest rates, which would you rather be holding, long-term bonds or

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If there is a decline in interest rates, which would you rather be holding, long-term bonds or short-term bonds?

Why? Which type of bond has the greater interest-rate risk?

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The Economics Of Money, Banking & Financial Markets

ISBN: 126161

1st Edition

Authors: Massimo Giuliodori, Frederic S. Mishkin Kent Matthews

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