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An investor holds two bonds, one with 5 years until maturity and the other with 20 years until maturity. Which of the following is more

An investor holds two bonds, one with 5 years until maturity and the other with 20 years until maturity. Which of the following is more likely if interest rates suddenly increase by 2%?

a. Both bonds will decrease in price similarly.

b. The 5-year bond will decrease more in price.

c. Neither bond will decrease in price, but their yields will increase.

d.The 20-year bond will decrease more in price.

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