All else equal, which bond's 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? (LG5)

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Finance Applications And Theory

ISBN: 9780073530673

2nd Edition

Authors: Marcia Cornett, Troy Adair, John Nofsinger

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