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Everything else equal the __________ the maturity of a bond and the __________ the YTM the greater the sensitivity of the bond's price to interest
- Everything else equal the __________ the maturity of a bond and the __________ the YTM the greater the sensitivity of the bond's price to interest rate changes.
longer; higher longer; lower shorter; higher shorter; lower
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Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
16th edition
1119398282, 978-1-119-3211, 1119321115, 978-1119398288
