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Tom owns two bonds issued by the same firm. One is to mature in 2022 and the other in 2045. If the yield to maturity

Tom owns two bonds issued by the same firm. One is to mature in 2022 and the other in 2045. If the yield to maturity rises by 1% for both bonds today, then he would ______ more on the ______ bond.

A. gain; 2022

B. gain; 2045

C. lose; 2022

D. lose; 2045

E. lose equal amount on both bonds

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