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Which of the following bond pricing rules is incorrect? A. Bond prices and interest rates are inversely related B. Prices of long-term bonds are less
Which of the following bond pricing rules is incorrect?
A. Bond prices and interest rates are inversely related B. Prices of long-term bonds are less sensitive to changes in interest rates than short-term bonds C. High coupon bonds are less price sensitive to a change in market interest rates than low coupon bonds. D. Bond prices are more sensitive to a decline in market yield to maturity
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