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Reinvestment risk arises when the holding period is _________ than bond maturity, and interest rate risk is the risk of interest rate changes when bonds

Reinvestment risk arises when the holding period is _________ than bond maturity, and interest rate risk is the risk of interest rate changes when bonds are___________maturity.

A. longer, held to

B. longer, sold before

C. sold, held to

D. shorter, sold before

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