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A bond that has positive convexity: is more price sensitive when rates fall then when rates rise. is more price sensitive when rates rise then

  1. A bond that has positive convexity:
  1. is more price sensitive when rates fall then when rates rise.
  2. is more price sensitive when rates rise then when rates fall.
  3. has a negative duration.
  4. has a duration greater than maturity.
  5. a. and d.

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