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Which of the following is true of interest-rate risk? a. It is the risk that the coupon rate for a bond will change, affecting current

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Which of the following is true of interest-rate risk? a. It is the risk that the coupon rate for a bond will change, affecting current bondholders' coupon payments. b. It refers to the probability that a borrower will default on debt obligations. c. It is the risk that the face value of a bond will change before maturity. OO d. Individuals owning long-term bonds are exposed to greater interest-rate risk

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