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You manage a bond portfolio and feel strongly that interest rates will soon go down. By holding which of the following kinds of bond will

You manage a bond portfolio and feel strongly that interest rates will soon go down. By holding which of the following kinds of bond will you likely make the most or lose the least when rates fall?

a) long term, low coupon

b) long term, high coupon

c) short term, low coupon

d) short term, high coupon

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