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Which statement about bond prices is most accurate? Select one: a. For a premium bond the yield to maturity is less than the coupon rate
Which statement about bond prices is most accurate?
Select one:
a. For a premium bond the yield to maturity is less than the coupon rate
b. With an interest rate increase the price rises more for long-term bonds than short-term bonds
c. With an interest rate decline the price rises more for short-term bonds than long-term bonds
d. For a discount bond the coupon rate is more than the yield-to-maturity
e. The answers included are not correct
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