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Which combination of bond characteristics causes a bond to be most sensitive to changes in market interest rates? I. low coupon rates II. high coupon

Which combination of bond characteristics causes a bond to be most sensitive to changes in market interest rates?

I. low coupon rates

II. high coupon rates

III. short time to maturity

IV. long time to maturity

II and IV only

I and IV only

II and III only

III only

I and III only

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