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Which ONE of the following statements is NOT true? Select one: A. Long-term bonds have lower price volatility than short-term bonds. B. As interest rates

Which ONE of the following statements is NOT true?

Select one: A. Long-term bonds have lower price volatility than short-term bonds.

B. As interest rates decline, the prices of bonds increase; and as interest rates rise, the prices of bonds decline.

C. All other things being equal, short-term bonds are less risky than long-term bonds.

D. Interest rate risk increases as maturity increases.

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