The prices of long-term bonds are less volatile

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The prices of long-term bonds are less volatile than those of short-term bonds because long-term bonds respond less strongly to change in interest rates. True or false? Explain

Reference no: EM13932949

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The prices of long-term bonds are less volatile : The prices of long-term bonds are less volatile than those of short-term bonds because long-term bonds respond less strongly to change in interest rates.
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