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Question 2: (4 points) If there is an option (put or call) trading on an underlying Treasury bond, will this option price be more /

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Question 2: (4 points) If there is an option (put or call) trading on an underlying Treasury bond, will this option price be more / less sensitive to interest rate changes than the sensitivity of the bond price to interest-rate changes? Please provide the reason/s for your answer. Use bullet points

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