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Which of the following statements about interest rate risk is NOT true? a, Bondholders can experience distinct gains and losses during periods when interest rates

Which of the following statements about interest rate risk is NOT true?

a, Bondholders can experience distinct gains and losses during periods when interest rates change quickly.

b, Long-term bondholders do not experience much interest rate risk.

c, None of the above.

d, Interest rate risk does not affect all bonds the same.

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