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Osoft has issued two bond types that vary only in maturity. The long-term ones have 15 years and the short term ones have 5 years
Osoft has issued two bond types that vary only in maturity. The long-term ones have 15 years and the short term ones have 5 years to maturity. Assuming rything else is constant, if interest rates fall, the percentage price change for Microsoft's long-term bonds will be less than for its short-term bonds. True or False
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