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QUESTION 22 The price of a bond is more sensitive to changes in interests when I. the bond has a longer time to maturity II.

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QUESTION 22 The price of a bond is more sensitive to changes in interests when I. the bond has a longer time to maturity II. the bond has a low coupon rate III. the bond had a low initial yield-to-maturity IV. the bond has a low bond rating A. 1, 11, and IV B. I, II, and III C. All of the above D. I and II QUESTION 23

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