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Which one of the following bonds would you select if you thought market interest rates were going to fall by 5 0 basis points over
Which one of the following bonds would you select if you thought market interest rates were going to fall by basis points over the next six months?
a A bond with a Macaulay duration of years that's currently being priced to yield
b A bond with a Macaulay duration of years that's priced to yield
c A bond with a Macaulay duration of years that's priced to yield
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