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Convexity is a desirable feature of bonds because as interest rates decline, the price of a low convexity bond a. decreases at a decreasing rate.

Convexity is a desirable feature of bonds because as interest rates decline, the price of a low convexity bond

a. decreases at a decreasing rate.

b. decreases at an increasing rate.

c. increases at a decreasing rate.

d. increases at an increasing rate.

e. decreases at a decreasing rate.

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