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Which of the following is(are) correct, all else constant? I. The coupon rate on a bond changes as the yield to maturity changes. II. The
Which of the following is(are) correct, all else constant? I. The coupon rate on a bond changes as the yield to maturity changes. II. The value of a bond equals the present value of its future coupon payments. III. Bond prices and interest rates always move in the opposite direction. I only. II only. III only. II and III only. Keep up the great work
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