3. A financial adviser has just given you the follow- ing advice: Long-term bonds are a great...

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3. A financial adviser has just given you the follow- ing advice: "Long-term bonds are a great invest- ment because their interest rate is over 20%." Is the financial adviser necessarily right?

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Financial Markets and Institutions

ISBN: 978-0321280299

5th edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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