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38.Which phrase best describes the relationship of bond prices and discount rates. Select one:a. When the discount rate goes up, bond prices go down.b. When

38.Which phrase best describes the relationship of bond prices and discount rates.

Select one:a. When the discount rate goes up, bond prices go down.b. When the discount rate goes up, bond prices go up.c. Bond prices are unaffected by the discount rate.d. Bond prices are affected by the discount rate, but its impossible to generalize.e. None of the above.

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