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All of the following are true, EXCEP: Bond prices increase when interest rates decrease YTM increases bring about proportionally smaller price changes than YTM decreased
All of the following are true, EXCEP:
Bond prices increase when interest rates decrease
YTM increases bring about proportionally smaller price changes than YTM decreased of the same magnitude
The maturity of a bond has an increasing effect on price sensitivity
Price risk decreases inversely with coupon
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