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An investor who expects declining interest rates would be likely to purchase a bond that has a __________ yield to maturity and a ________ term

  1. An investor who expects declining interest rates would be likely to purchase a bond that has a __________ yield to maturity and a ________ term to maturity. (LO 11-1)
    1. low, long
    2. high, short
    3. high, long
    4. low, short

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