Change in interest rates will affect the bonds price

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The rate of return that you would earn if you bought a bond and held it to its maturity date is called YTM. If interest rates rise after a bond has been issued. What will happen to the bond's price and YTM?Does the length of time maturity affect the extent to which a given change in interest rates will affect the bond's price? Please explain in detail.

Reference no: EM131014077

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