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In 500 words, comment on the following two statements: In valuing a bond, it makes no difference in terms of the age of the security.

In 500 words, comment on the following two statements:

"In valuing a bond, it makes no difference in terms of the age of the security. All that matters is the length of the expiry period."

"Possessing a callable bond is always a positive information because you enjoy capital gains from the bond retirement at par."

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