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QUESTION 10 Which of the following statements is true? a. The price-yield relationship of a puttable bond enjoys a higher degree of convexity than option-bonds.
QUESTION 10
- Which of the following statements is true?
| a. | The price-yield relationship of a puttable bond enjoys a higher degree of convexity than option-bonds. |
| b. | The price-yield relationship of a puttable bond enjoys the same degree of convexity than option-bonds. |
| c. | The price-yield relationship of a puttable bond enjoys a lesser degree of convexity than option-bonds. |
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