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Which of the bonds below is more sensitve to an interest rate change of 0.75%? a. Bond A: yield to maturity = 4.00%, maturity =

Which of the bonds below is more sensitve to an interest rate change of 0.75%?

a. Bond A: yield to maturity = 4.00%, maturity = 8 years, coupon rate = 6% per year payable annually, par value = $1000

b. Bond B: yield to maturity = 3.50%, maturity = 5 years, coupon rate = 7% per year payable annually, par value = $1000

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