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3) the $500k should NOT be included because it is an opportunity cost 4. Bonds A and B have identical coupon payments, par values, and

3) the $500k should NOT be included because it is an opportunity cost 4. Bonds A and B have identical coupon payments, par values, and YTMs. Bond A matures in 3 years and Bond B in 20 years. Which bond has more risk based on changes in interest rates? A) Bond A B) Bond B C) The risk is exactly the same D) Can't tell from the information given for CC's

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