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We have two bonds. One bond has a par value of $1,000, coupon rate of 5%, and a maturity of 10 years. The other bond

We have two bonds. One bond has a par value of $1,000, coupon rate of 5%, and a maturity of 10 years. The other bond has the same features except the maturity is 30 years. If interest rate suddenly goes from 1% to 5%, whose price drops more?

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