All else equal, which bond's 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? (LG5)
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Finance Applications And Theory
ISBN: 9780073530673
2nd Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
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