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Suppose interest rates have been at historically low levels the past two years. A reasonable 11. strategy for bond investors during this time period would

Suppose interest rates have been at historically low levels the past two years. A reasonable 11. strategy for bond investors during this time period would be to: buy only junk bonds which have higher interest rates invest in long-term bonds to reduce interest rate risk invest in short-term bonds to reduce interest rate risk invest in long-term bonds to lock in a bond position for when interest rates increase in the future

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