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Bond A and Bond B have the same face value and the same coupon rate. However, Bond B has a longer time until maturity than
| Bond A and Bond B have the same face value and the same coupon rate. However, Bond B has a longer time until maturity than Bond A. When comparing the returns required by bond holders, how should Bond A's required rate of return compare to that of Bond B? | |||||
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International Financial Management
Authors: Geert Bekaert, Robert Hodrick
3rd edition
1107111820, 110711182X, 978-1107111820
