Question: QUESTION 21 All other things equal, a bond's sensitivity to changes in the interest rates is ________. higher when the coupon rate is higher lower

QUESTION 21

  1. All other things equal, a bond's sensitivity to changes in the interest rates is ________.

    higher when the coupon rate is higher

    lower when the coupon rate is higher

    the same when the coupon rate is higher

    indeterminable when the coupon rate is high

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