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You are examining a 30-year bond callable in 10 years. The Bond has a coupon of 5% and trades for $120. What type of non-callable

You are examining a 30-year bond callable in 10 years. The Bond has a coupon of 5% and trades for $120.

What type of non-callable bond will this callable bond act like concerning changes in interest rates?

a. 10-Year Bond

b. 30-Year Bond

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