Which of the following is true? The bond price curve is flatter at lower interest rates The bond price curve is flatter at higher interest rates The bond price curve isn't a curve at all but a straight line Onone of the above Question 44 1 pts What is the purpose of modified duration? Creates a linear representation of the bond price/Interest rate relationship O Allows one to predict bond price changes if interest rates change O Measures the relationship between bond returns and the overall bank market Both answers (1) and (2) are correct o Answers (1), (2) and (3) are correct