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You own two bonds. Both bonds have 7% coupons. One bond matures in 10 years, the other bond matures in 15 years. The price of

"You own two bonds. Both bonds have 7% coupons. One bond matures in 10 years, the other bond matures in 15 years. The price of the 15 year bond will be more sensitive to changes in interest rates than the price of the 10 year bond."

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