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An increase in interest rate volatility: Question options: increases the value of bonds with embedded put options. increases the value of low-coupon bonds with embedded
An increase in interest rate volatility:
Question options:
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increases the value of bonds with embedded put options.
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increases the value of low-coupon bonds with embedded options, but decreases the value of high-coupon bonds with embedded options.
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increases the value of bonds with embedded call options.
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