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Which of the following statements about interest rate risk is correct? a. it is the magnitude of the price change for a given movement in

Which of the following statements about interest rate risk is correct?

a. it is the magnitude of the price change for a given movement in market interest rates.

b. it is the magnitude of the price change for a given movement in coupon rates.

c. all of these statements are correct.

d. it is the magnitude of the yield change for a given movement in market interest rates.

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