Question: Read the article Corporate Bond Valuation and Hedging with Stochastic Interest Rates and Endogenous Bankruptcy Share Your Thoughts Bond is subject to interest rate risk,

Read the article Corporate Bond Valuation and Hedging with Stochastic Interest Rates and Endogenous Bankruptcy Share Your Thoughts Bond is subject to interest rate risk, that it, as interest rate rises, the bond price falls and bonds with longer maturity are more sensitive (riskier) to interest rate changes. After reading the article, please discuss bond valuation, interest rate risk, and bond risk management such as hedging

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