Question：
Given two otherwise identical bonds, when interest rates rise, the price of Bond A declines more than the price of Bond B. Compared with Bond B, Bond A most likely:
A. has a shorter maturity.
B. is callable.
C. has a lower coupon.
Answer = C
The lower the coupon rate, the more sensitive the bond's price is to changes in interest rates.
CFA Level 1
"Introduction to Fixed-Income Valuation," James F. Adams and Donald J. Smith
Section 2.3
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