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When interest rates change, the present value of cash flows to be received in the near term: a. Has no relationship to the present value

When interest rates change, the present value of cash flows to be received in the near term:

a. Has no relationship to the present value of cash flows to be received further in the future.

b. Is less volatile than the present value of cash flows to be received further in the future.

c. Is equally volatile as the present value of cash flows to be received further in the future.

d. Is more volatile than the present value of cash flows to be received further in the future.

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