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Which of the following is(are) correct? 1. Bond prices and interest rates always move in opposite directions. II. The coupon rate on a bond changes

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Which of the following is(are) correct? 1. Bond prices and interest rates always move in opposite directions. II. The coupon rate on a bond changes as market interest rates change. III. When the coupon rate is above the market Interest rate, the bond sells at a premium. 0-1 only Oll only Ill only O I and II only O I and Ill only

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