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    Exam 3: What Do Interest Rates Mean and What Is Their Role in Valuation?
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    When a Bond's Price Falls,its Yield to Maturity ________ and Its
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When a Bond's Price Falls,its Yield to Maturity ________ and Its

Question 37

Question 37

Multiple Choice

When a bond's price falls,its yield to maturity ________ and its current yield ________.


A) falls; falls
B) rises; rises
C) falls; rises
D) rises; falls

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