You predict that interest rates are about to fall. Which bond will give you the highest capital

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You predict that interest rates are about to fall. Which bond will give you the highest capital gain? P-963

a. Low coupon, long maturity.

b. High coupon, short maturity.

c. High coupon, long maturity.

d. Zero coupon, long maturity.

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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