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If interest rates fall by 1%, a 10-year, 3% coupon bond's price will ________ (in percentage terms) than an otherwise equivalent zero-coupon bond. A. increase
If interest rates fall by 1%, a 10-year, 3% coupon bond's price will ________ (in percentage terms) than an otherwise equivalent zero-coupon bond.
A. increase less than B. increase more than C. decrease less than D. decrease more than
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