2. If there is a decline in interest rates, which would you rather be holding, long-term bonds...
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2. 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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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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