Multiple Choice
As the ytm of a bond rises, which of the following is most valid?
A) The bond price rises, slowly at low ytm, then more rapidly at higher ytm.
B) The bond price falls, slowly at low ytm, then more rapidly at higher ytm..
C) The bond price rises, rapidly at low ytm, then more slowly at higher ytm.
D) The bond price falls, rapidly at low ytm, then more slowly at higher ytm.
Correct Answer:
Verified
Correct Answer:
Verified
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