Given two comparable bonds a and b with par values of 1000
Given two comparable bonds A and B with par values of $1000. Both bonds mature in twenty years. Bond A has a coupon rate of 15%. Bond B has a coupon rate of 9%. Which bond has the greater interest rate risk?.
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given two comparable bonds a and b with par values of 1000 both bonds mature in twenty years bond a has a coupon rate
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