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choose: an investor who expects declining interests rates would be likely to purchase a bond that has a coupon and a time to maturity 1.
choose: | ||||||||||
an investor who expects declining interests rates would be likely to purchase a bond that has a coupon and a time to maturity | ||||||||||
1. low, long | ||||||||||
2. high, short | ||||||||||
3. high, long | ||||||||||
4. zero, long |
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