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Which bond has more interest rate risk (i.e. higher duration)? 7-year bond with a 6.0% coupon 7-year bond with a 6.5% coupon O 10 year
Which bond has more interest rate risk (i.e. higher duration)? 7-year bond with a 6.0% coupon 7-year bond with a 6.5% coupon O 10 year bond, with a 6.5% coupon O 10-year bond with a 6.0% coupon
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