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A 6 percent coupon bond with 15 years to maturity is ______ sensitive to market interest rate changes than a 6 percent coupon bond with
A 6 percent coupon bond with 15 years to maturity is ______ sensitive to market interest rate changes than a 6 percent coupon bond with 3 years to maturity. That is, the price of the former change ________ sharply than that of the latter when market interest rates increase or decrease.
A) more; less
B) more; more
C) less; more
D) less; less
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