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7. PRICE-VOLATILITY RELATIONSHIPS (10 points): (True or False) For large changes in the required yield, the absolute value of the magnitude of the percentage change

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7. PRICE-VOLATILITY RELATIONSHIPS (10 points): (True or False) For large changes in the required yield, the absolute value of the magnitude of the percentage change in price is approximately the same regardless of whether rates increase or decrease (i.e., price changes are approximately "directionally symmetric"). (True or False) For a given coupon/periodic payment and term to maturity, the higher the yield-to-maturity at which the security trades the higher the (duration) price volatility of the security. (True of False) For a given coupon/period pavment and intial vield, the longer the term to maturity, the higher the (duration) price volatility of the security. (True or False) For a given term to maturity and initial yield, the lower the coupon/periodic payment, the lower the duration) price volatility of the security. (>,<. or for large changes in the required yield percentage change price associated with a decrease interest rates is corresponding an equivalent magnitude increase>

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