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Choose the correct statement: . If bond's coupon rate is lower than YTM, bond's price is higher than its par value. As interest rates increase,
Choose the correct statement: . If bond's coupon rate is lower than YTM, bond's price is higher than its par value. As interest rates increase, bond prices decrease. As interest rates decrease, the price of callable bond increases more than the price of a straight bond. As interest rates decrease, the price of a callable bond most likely won't become higher than the price at which the bond can be called O 1.2 0 2.4
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