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Which one of the following bonds would you select if you thought market interest rates were going to fall by 50 basis points over the

Which one of the following bonds would you select if you thought market interest rates were going to fall by 50 basis points over the next 6 months? Assume semiannual coupon payments. a. A bond with a Macaulay duration of 8.46 years thats currently being priced to yield 7.5%. b. A bond with a Macaulay duration of 9.30 years thats currently being priced to yield 10%. c. A bond with a Macaulay duration of 8.75 years thats currently being priced to yield 5.75%.

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