Question
3. Prices of long-term bonds are more volatile than the prices of short-term bonds. However, yields to maturity of short-term bonds make their prices and
3. Prices of long-term bonds are more volatile than the prices of short-term bonds.
However, yields to maturity of short-term bonds make their prices and their rates of return more volatile.
How do you reconcile these two empirical observations?
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Cases In Healthcare Finance
Authors: Louis C. Gapenski, George H. Pink
4th Edition
1567933424, 978-1567933420
