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14. Aggressive bond investors are more focused on the capital gains that arise from a change in interest rates. If rates are expected to fall,
14. Aggressive bond investors are more focused on the capital gains that arise from a change in interest rates. If rates are expected to fall, the short-term speculator can buy ____ and ____ issues to achieve maximum returns if the interest rate forecast is correct. _____
A) Short-term; low-coupon
B) Long-term; high-coupon
C) Short-term; high-coupon
D) Long-term; low-coupon
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