27. What is the difference between registered and bearer bonds? 28. Holding all else equal, an increase in the yield-to-maturity will change the value of the bond more for which of the following? a. a bond with 5 years to maturity b. a bond with 20 years to maturity 29. Holding all else equal, an increase in the yield-to-maturity for a bond will result in in the bond price. a decrease b. no change an increase 30. Treasury Inflation Protected Securities (TIPS) protect the investor from the risk of: a. an unanticipated increase in default risk. b. an increase in default risk. an unanticipated increase in inflation 31. Duration is the a. c. C