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All other things equal, which of the following bond price is more sensitive to interest rate changes? a. a 30 year bond with 7% coupon
All other things equal, which of the following bond price is more sensitive to interest rate changes?
a. | a 30 year bond with 7% coupon | |
b. | a 20 year bond with a 10% coupon | |
c. | a 10 year bond with a 10% coupon | |
d. | a 20 year bond with a 7% coupon |
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