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When interest rates fall: Longest-term bonds experience the most gains Longest-term bonds suffer the greatest losses Shortest-term bonds experience the least gains d. Both (a)
When interest rates fall:
- Longest-term bonds experience the most gains
- Longest-term bonds suffer the greatest losses
- Shortest-term bonds experience the least gains
d. Both (a) and (c)
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
