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Fixed Income: Miscellaneous Which of the following is TRUE? O The US bond market is SMALLER than the US public stock market If the yield to maturity for a bond RISES, then the price return is likely POSITIVE of interest rates DECLINE, then a bond with a longer duration would have a HIGHER retum than a bond with a shorter duration, assuming all else between the two bonds is equal The yield curve is normally DOWNWARD sloping because long term bonds have MORE risk than short tem bonds