Question: please answer in extended response format Bond prices change whenever the market interest rate changes. In general, short-term interest rates are more volatile than long-term

please answer in extended response format

Bond prices change whenever the market interest rate changes. In general, short-term interest rates are more volatile than long-term interest rates. Therefore, short-term bond prices are more sensitive to interest rate changes than are long-term bond prices. Is this statement true or false. Explain your answer by making up a reasonable" numerical example based on a 1-year bond and a 20-year bond issued by the same company to help answer the question Assume now that you are considering to invest $5,000 in one of the two bonds in your example, but need to sell the bond after 6 months to pay tuition. Which bond should be your choice? Justify your

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