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Bonds with a maturity that is as short as the holding period have no interest rate risk. Can you rephrase this in a different way,
Bonds with a maturity that is as short as the holding period have no interest rate risk. Can you rephrase this in a different way, so that it makes sense to me. I am confused over what is meant by maturity versus holding period, and why can't the interest rate change (creating interest rate risk) for bonds with a maturity as short as the holding period? Thanks
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