Bond prices are _______ sensitive to changes in yield when the bond is selling at a _______ initial yield to maturity.
A. more; lower
B. more; higher
C. less; lower
D. equally; higher or lower
Bond prices are _______ sensitive to changes in yield when the bond is selling at a _______ initial yield to maturity.
A. more; lower
B. more; higher
C. less; lower
D. equally; higher or lower