Interest Rate Risk All else being the same, which has more interest rate risk, a longterm bond
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Interest Rate Risk All else being the same, which has more interest rate risk, a longterm bond or a short-term bond? What about a low coupon bond compared to a high coupon bond? What about a long-term, high coupon bond compared to a short-term, low coupon bond?
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Related Book For 
Corporate Finance With Connect Access Card
ISBN: 978-1259672484
10th Edition
Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe
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