The sensitivity of a bond's value to changing interest rates depends on both the bond's time to maturity and its pattern of cash flows.

Name: The sensitivity of a bond's value to changing interest rates depends on both the bond's time to maturity and its pattern of cash flows.
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This statement is true. Bonds with longer maturities generally have greater sensitivity to interest rate changes, and bonds with higher coupon payments have lower sensitivity because they provide more cash flow in the near term.

The Sensitivity of a Bond's Value to Changing Interest Rates