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25 points Which of the following statements regarding bond price and interest rates is true? The longer the time to maturity, the smaller the percentage

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25 points Which of the following statements regarding bond price and interest rates is true? The longer the time to maturity, the smaller the percentage decline in bond value for a given rise in interest rates. The longer the time to maturity, the greater the percentage decline in bond value for a given rise in interest rates. The longer the time to maturity, the greater the percentage decline in bond value for a given decline in interest rates. The longer the time to maturity, the smaller the percentage rise in bond value for a given rise in interest rates

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