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Which of the following describes the relationship between changes in market interest rates and the market value of bonds? a. When interest rates increase, bond

Which of the following describes the relationship between changes in market interest rates and the market value of bonds? a. When interest rates increase, bond prices increase. b. When interest rates decrease, bond prices decrease. c. When interest rates increase, bond prices decrease. d. When interest rates decrease, bond prices increase. e. Both c. and d. are correct.

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