Maria-Cecilia has some money she would like to invest in some bonds. Her father says that he
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Question:
Maria-Cecilia has some money she would like to invest in some bonds. Her father says that he expects market interest rates to start dropping. What type of bonds should Maria-Cecelia purchase?
Short Term, Low Coupon Rate
Long Term, High Coupon Rate
Short Term, High Coupon Rate
Long Term, Low Coupon Rate
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