Which of the following statements about bonds is true?
A) Bond prices move in the same direction as market interest rates.
B) If market interest rates change, long-term bonds will fluctuate more in value than short-term bonds.
C) Long-term bonds are less risky than short-term bonds.
D) If market interest rates are higher than a bond's coupon interest rate, then the bond will sell above its par value.
Correct Answer:
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