Question 9 (6 points) One of the basic relationships in bond priceing is that, other things held constant, for a given change in the required rate of return (ie, the yield to maturity), the |_the time to maturity, the - the change in price. Longer: smaller Longer: larger Longer; smaller or larger (depending on the coupon rate) Longer: smaller or larger (depending on the number of years to maturity) None of the above combinations is correct. pomy Assuming each has the same length of time to maturity, which of the following would have the largest change in price in percentage terms) for a given change in interest rates: a variable coupon bond. a zero coupon bond. a fixed coupon bond. all bonds with the same length of time to maturity would have the same percentage change in price. It depends on whether rates move up or down