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Janet Stein is retiring soon, so she is concerned about her investments providing her steady income every year. She is aware that if interest rates
Janet Stein is retiring soon, so she is concerned about her investments providing her steady income every year. She is aware that if interest rates
increase grad, the potential earnings power of the cash flow from her investments will increase. In particular, she is concerned that a decline in
interest rates might lead to less grad annual income from her investments. What kind of risk is Janet most concerned about protecting against?
Interest rate reinvestment risk
Interest rate price risk
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