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Which of the following best describes Interest Rate Risk? a. The risk that a firm will go bankrupt The risk that YTM will fall and
Which of the following best describes Interest Rate Risk?
a. The risk that a firm will go bankrupt
- The risk that YTM will fall and bond prices fall
c. The risk that YTM will rise and bond prices fall
d. Answers a and b
e. Answers a and c
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