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Question 3 3 pts Which of the following statements is TRUE? A. Convexity is desired when interest rate volatility is expected to increase B. Convexity

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Question 3 3 pts Which of the following statements is TRUE? A. Convexity is desired when interest rate volatility is expected to increase B. Convexity introduces error to the duration model. C. Convexity is valuable to investors because when interest rates drop, the price of a more convex bond increases more. O D. All of the above

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