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

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All else equal, which bond’s price is more affected by a change in interest rates, a bond with a large coupon or a small coupon? Why? (LG 3-5)

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ISE Financial Markets And Institutions

ISBN: 9781265561437

8th International Edition

Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts

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