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Two bonds, Bond I and Bond II, are similar except for time to maturity, Bond I has 2 years to maturity and Bond II has
Two bonds, Bond I and Bond II, are similar except for time to maturity, Bond I has 2 years to maturity and Bond II has 20 years to maturity. If market interest rates are expected to increase, then which bond would you prefer to own?
A. Bond I
B. No difference between Bond I or Bond II
C. Bond II
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