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One of the basic relationships in interest rate theory is that, other things held constant, for a given change in the required rate of return,
One of the basic relationships in interest rate theory is that, other things held constant, for a given change in the required rate of return, the ____________ the time to maturity, the _______________ the change in price." The only acceptable answers to write in must be "lesser" or "greater".
Can you explain why your response is correct?
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