All else equal, which bonds price is more affected by a change in interest rates, a short-term

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All else equal, which bond’s price is more affected by a change in interest rates, a short-term bond or a longer-term bond? Why?

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Related Book For  answer-question

Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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