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Which of the following statements regarding bond prices and market interest rates are most likely to be false? 1. Bond prices and market interest rates

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Which of the following statements regarding bond prices and market interest rates are most likely to be false? 1. Bond prices and market interest rates are positively related to each other. II. Coupon paying bonds will trade at a premium to their face value because of the future cash flows expected by bond investors. III. Interest rate risk can be described as the changes in market interest rates that will cause fluctuations in a bond's price. O I, II and III. I and II only. II and III only. I and III only

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