Assuming equal maturities, short-term holders of coupon-bearing bonds are exposed to more risk while long-term holders are exposed to more risk.

Price, Reinvestment

Explanation:

The short term investments earns from the favorable increases in the securities whereas the long term investments earns from the favorable increase in the stock price and the dividends earned for the year. So the risk for short term investment would be price risk which is that the price would not be favorable at the time when the firm will sell the securities whereas long term holders will bear more reinvestment risk which is that the firm will not find an equal opportunity if the project stops which will adversely affect the long term investors.

explanation:

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