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Consider the following two bonds. The price of which one is more sensitive to interest rate changes? Explain your answer in no more than two
Consider the following two bonds. The price of which one is more sensitive to interest rate changes? Explain your answer in no more than two sentences. No calculations are required A: Bond A pays semi-annual coupons of $30 per half year on a face value of $1,000. It currently sells for $1,000 and will mature in ten years. B: Bond B is a 30-year bond, with ten years until maturity. It pays semi-annual coupons at 6% per year and currently trades at a discount
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