Which of the following statements is true?
A. A short-term bond and a long-term bond provides the same premium.
B. Investors in short-term bonds earn higher premiums than investors in long-term bonds.
C. A change in the interest rates of bonds affect the prices of long-term bonds more than the prices of short-term bonds.
D. A change in the interest rates of bonds affect the prices of short-term bonds more than the prices of long-term bonds.
Answer: C
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Indicate whether the statement is true or false
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