All else equal, which bonds price is more affected by a change in interest rates, a short-term

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All else equal, which bond’s price is more affected by a change in interest rates, a short-term bond or a longer-term bond? Why? (LG 6-

2) LO.1

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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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