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QUESTION
Bond A has a time to maturity of 16 years and a duration of 12.98 years. Bond B has a time to maturity of 15 years and a duration of 13.12 years.
Bond A has a time to maturity of 16 years and a duration of 12.98 years. Bond B has a time to maturity of 15 years and a duration of 13.12 years. Which bond has more interest rate risk and why?
