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Bob owns a 10-year bond (Bond A) that is selling for $969. He finds another bond (Bond B) with identical characteristics that is priced at

Bob owns a 10-year bond (Bond A) that is selling for $969. He finds another bond (Bond B) with identical characteristics that is priced at $922 and decides to sell Bond A and buy Bond B. What is this type of strategy called?

a. Long short strategy. b. Buy sell strategy. c. Substitution swap. d. Rate anticipation swap.

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