A bond that matures in 5 years has less interest rate risk than a bond that matures in 25 years because regardless of changes in interest rates,the bond can be redeemed for face value 20 years earlier.

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The Answer of A bond that matures in 5 years has less interest rate risk than a bond that matures in 25 years because regardless of changes in interest rates,the bond can be redeemed for face value 20 years earlier.

A Bond That Matures in 5 Years Has Less Interest