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Bond Bill and Bond Ted Both Bond Bill and Bond Ted have 8% coupons, make annual payments, and are priced at par value. Bond Bill

Bond Bill and Bond Ted Both Bond Bill and Bond Ted have 8% coupons, make annual payments, and are priced at par value. Bond Bill has 15 years to maturity, whereas Bond Ted has 25 years to maturity. Refer to Bond Bill and Bond Ted. Ceteris paribus, which bond has greater price sensitivity to a given change in interest rates? a. Bond Bill b. Bond Ted

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