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If you anticipate interest rates will increase, which of the following bonds will you purchase? Note: the four bonds have exactly the same characteristics except
If you anticipate interest rates will increase, which of the following bonds will you purchase? Note: the four bonds have exactly the same characteristics except for the duration. Hint: think of the change in price A bond with a duration of 5 years. A bond with a duration of 10 years. A bond with a duration of 20 years
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