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Sagot :
Final answer:
Long-term bonds have the potential for higher returns despite higher risks compared to short-term bonds.
Explanation:
The benefits of a long-term bond over a short-term bond lie in the potential for higher returns for the initial investment despite the higher associated risks. Long-term bonds offer investors the opportunity to gain a premium in the form of higher returns compared to short-term bonds.
Learn more about Long-term vs. short-term bonds here:
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