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Answer questions in 2-3 Sentences 6. (True/False. Explain) Bond price approaches face value as maturity decreases, other things held constant. 7. Differentiate price risk and

Answer questions in 2-3 Sentences

6. (True/False. Explain) Bond price approaches face value as maturity decreases, other things held constant.

7. Differentiate price risk and reinvestment risk.

8. What are junk bonds? When are they used?

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