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You predict that interest rates are about to fall. Which bond will give you the highest capital gain? A). Low coupon, long maturity B). Zero

You predict that interest rates are about to fall. Which bond will give you the highest capital gain?

A). Low coupon, long maturity

B). Zero coupon, long maturity

C). High coupon, long maturity

D). High coupon, short maturity

Please Explain Choice!

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