Question: 2. (8 points) All else being the same, which has more interest rate risk, a long-term bond, or a short-term bond with the same coupon?

2. (8 points) All else being the same, which has more interest rate risk, a long-term bond, or a short-term bond with the same coupon? What about a low coupon bond versus a high coupon bond with the same maturity? Which property, the maturity or the coupon is a more important determinant of risk

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