From Table 172, we can see the effect that bond maturity has on the sensitivity of bond

Question:

From Table 17‐2, we can see the effect that bond maturity has on the sensitivity of bond prices to interest rate changes. For example, for two 10 percent coupon bonds, if market yields drop from 10 percent to 8 percent, the price of the 15‐year bond increases by $172.92 to $1,172.92, whereas the price of the 30‐year bond increases by $226.23 to $1,226.23.

Table 17‐2