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The relationship between bond price and yield to maturity is convex. Therefore... since the bond pricing function is negatively sloped, when the yield increases the

The relationship between bond price and yield to maturity is convex. Therefore...

since the bond pricing function is negatively sloped, when the yield increases the price decreases at a declining rate.

since the bond pricing function is positivelysloped, when the yield increases the price decreases at a declining rate.

since the bond pricing function is negatively sloped, when the yield declinesthe price decreases at a declining rate.

since the bond pricing function is negatively sloped, when the yield increases the price decreases at an increasing rate.

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