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The ________ a bond has to maturity, the _______ sensitive the bond's price is to changes in market interest rates. a. longer; less b. shorter;
The ________ a bond has to maturity, the _______ sensitive the bond's price is to changes in market interest rates.
| a. longer; less | ||
| b. shorter; less | ||
| c. longer; more | ||
| d. Both b & c |
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
