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Question 3 ( 0 . 4 points ) A decrease in interest rates will: decrease the bond's present value. increase the bond's duration. lower the

Question

3 (0.4

points

)

A decrease in interest rates will:

decrease the bond's present value.

increase the bond's duration.

lower the bond's coupon rate.

change the bond's payment frequency.

not affect the bond's duration.

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