25. Interest Rate Risk (LO3, CFA6) The interest rate risk of a noncallable bond is most likely...

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25. Interest Rate Risk (LO3, CFA6) The interest rate risk of a noncallable bond is most likely to be positively related to the:

a. Risk-free rate.

b. Bond’s coupon rate.

c. Bond’s time to maturity.

d. Bond’s yield to maturity.

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