Question: 17. For two bonds identical in every respect except the coupon rate, the price of the higher-coupon bond is less sensitive to the changes in

17.

"For two bonds identical in every respect except the coupon rate, the price of the higher-coupon bond is less sensitive to the changes in interest rates than that of the lower-coupon bond; that is, the lower-coupon bond has a higher interest rate risk." True or false?

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