Question
The market values of short-term bonds are less sensitive to changes in interest rate than do long-term bonds. This is mainly because the two kinds
The market values of short-term bonds are less sensitive to changes in interest rate than do long-term bonds. This is mainly because the two kinds of bonds have different__________.
Group of answer choices
liquidity risks
maturity risks
default risks
callability risks
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
11th Edition
0321357965, 978-0321357960
