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7. Which of the following statements is false ? a. When a bond is downgraded, its yield to maturity rises. (Assuming everything else remains the

7. Which of the following statements is false?

a. When a bond is downgraded, its yield to maturity rises. (Assuming everything else remains the same).

b. Callable bonds get called when interest rates fall. (Assuming everything else remains the same)

c. When yield to maturity rises, bond prices fall. (Assuming everything else remains the same).

d. it is possible to lose money on a bond investment

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