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Which of the following is/are correct regarding a bonds coupon rate? I. The smaller a bonds coupon, the greater its relative price fluctuation II. The

Which of the following is/are correct regarding a bonds coupon rate?

I. The smaller a bonds coupon, the greater its relative price fluctuation

II. The smaller a bonds coupon, the greater its reinvestment risk

a.

I only

b.

Both I and II

c.

II only

d.

Neither I nor II

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