Given a change in market interest rates which will change, Financial Management

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Given a change in market interest rates which will change

Given a change in market interest rates, which will change more: the market price of a bond with 20 years until maturity or the market price of a bond with 5 years until maturity? Assume all the characteristics of these bonds are identical except the maturity dates.

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Financial Management: Given a change in market interest rates which will change

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