Question: When considering the relationship between bonds and changes in the required return, it can be said that the ________the percentage change in bond value for
When considering the relationship between bonds and changes in the required return, it can be said that the ________the percentage change in bond value for a given change in the required return.
A) longer the time to maturity, the greater
B) longer the time to maturity, the smaller
C) higher the bond rating, the larger
D) higher the bond rating, the smaller
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