Question: Compared with bonds with short-term duration, bonds with long-term duration: A) have narrower bid-ask spreads. B) are less sensitive to credit spreads. C) have uncertainty
Compared with bonds with short-term duration, bonds with long-term duration: A) have narrower bid-ask spreads. B) are less sensitive to credit spreads. C) have uncertainty regarding future creditworthiness. D) none of the above
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