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Consider two zero-coupon bonds, A and B. Their required rates of return are both 6.1%. Bond A matures in 14 years; Bond B matures in

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Consider two zero-coupon bonds, A and B. Their required rates of return are both 6.1%. Bond A matures in 14 years; Bond B matures in 22 years. Due to the change in the interest rate, A and B's required return rates both increases by 2 percentage points. The decrease in B's price will be percentage points greater than that of A's. [Hints/Example)

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