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Assuming equal maturities, short-term holders of coupon-bearing bonds are exposed to more ________ risk while long-term holders are exposed to more ________ risk. price, price
Assuming equal maturities, short-term holders of coupon-bearing bonds are exposed to more ________ risk while long-term holders are exposed to more ________ risk.
price, price
price, reinvestment
reinvestment, price
reinvestment, reinvestment
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