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Which of the following bonds would have greater interest-rate risk? Bond A: 10-year maturity, 5% coupon, 4% yield to maturity or Bond B: 12-year maturity,
Which of the following bonds would have greater interest-rate risk? Bond A: 10-year maturity, 5% coupon, 4% yield to maturity or Bond B: 12-year maturity, 3.5% coupon, 4% yield to maturity?
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