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Assume you hold 10-year annual coupon bonds and it is highly likely the market interest rates will increase next day. From this information it is
Assume you hold 10-year annual coupon bonds and it is highly likely the market interest rates will increase next day. From this information it is recommended ______________________.
a.to switch immediately your 10-year bonds for bonds with longer maturity
b.to switch immediately your 10-year bonds for bonds with shorter maturity
c.to switch immediately your 10-year bonds for zero coupon bonds with longer maturity
d.to sell immediately all your bonds
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