Which has morereinvestment rate risk: a 1-year bond or a 10-yearbond?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 14MC
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Which has more
reinvestment rate risk: a 1-year bond or a 10-year
bond?

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