Is the price of a long-term (longer-maturity) bond more or less sensitive to changes in interest rates

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Is the price of a long-term (longer-maturity) bond more or less sensitive to changes in interest rates than that of a short-term bond? Why?

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Financial Management Principles and Applications

ISBN: 978-0134417219

13th edition

Authors: Sheridan Titman, Arthur J. Keown, John H. Martin

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Question Posted: Apr 24, 2017 10:29 AM

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Is the price of a long-term (longer-maturity) bond more or less sensitive to changes in interest rates

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Financial Management Principles and Applications

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