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Assume that two bonds both have 7% coupons. The first bond matures in 7 years and the second bond matures in 20 years. The price

Assume that two bonds both have 7% coupons. The first bond matures in 7 years and the second bond matures in 20 years. The price of the 7 year bond will be more sensitive to changes in interest rates than the price of the 20 year old bond. True False

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