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Which of the following statements is true? As interest rates decline, the prices of bonds rise; and as interest rates rise, the prices of bonds
Which of the following statements is true? As interest rates decline, the prices of bonds rise; and as interest rates rise, the prices of bonds decline. Long-term bonds have lower price volatility than short-term bonds of similar risk. Interest rate risk decreases as maturity increases. All other things being equal, short-term bonds are riskier than long-term bonds
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