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How Does the Size of the Change in a Bond's

Question 33

Multiple Choice

How does the size of the change in a bond's price react in response to a given change in the yield to maturity as the time to maturity increases?


A) decreases at an increasing rate
B) decreases at a diminishing rate
C) increases at a constant rate
D) increases at a diminishing rate
E) increases at an increasing rate

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