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Consider two $1,000 par coupon bonds, A and B. Bond A has a coupon rate of 5% with ten-year maturity and bond B has a

Consider two $1,000 par coupon bonds, A and B. Bond A has a coupon rate of 5% with ten-year maturity and bond B has a coupon rate of 8% with five years until maturity. 


Proof that Bond A has higher interest risk than bond B.

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