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The reason that interest rate risk is greater for term bonds than for term bonds is that the change in rates has a greater effect
The reason that interest rate risk is greater for
term bonds than for
term bonds is that the change in rates has a greater effect on the present
value of the
than on the present value of the
long; short; coupon payments; face value
long; short; face value; coupon payments
short; long; face value; coupon payments
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
