8. During the early 1980s, interest rates for many long-term bonds were above 14%. In the early...
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8. During the early 1980s, interest rates for many long-term bonds were above 14%. In the early 1990s, rates on similar bonds were far lower. What do you think this dramatic decline in market interest rates means for the price volatility of bonds in response to a change in interest rates?
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Related Book For 
Foundations Of Global Financial Markets And Institutions
ISBN: 9780262039543
5th Edition
Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann
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