Question: Which bond has higher interest rate risk (i.e., which one is more sensitive to interest rate change)? Question: consider two bonds: Bond A. 8% coupon

Which bond has higher interest rate risk (i.e., which one is more sensitive to interest rate change)?

Question: consider two bonds:

Bond A. 8% coupon rate, 10 years to maturity

Bond B. 10% coupon rate, 13 years to maturity

Everything else is the same (YTM = 10%, Par = 1000).

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