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An investor's portfolio has a duration that exceeds the investment horizon. Which of the following statements is true supposing that interest rates subsequently increase? the

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An investor's portfolio has a duration that exceeds the investment horizon. Which of the following statements is true supposing that interest rates subsequently increase? the realized holding period yield will be greater than the initial YTM. the realized holding period yield will equal the initial YTM O the realized holding period yield will be less than the initial YTM

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