Question: 1. As YTM increases, dollar price increases / decreases. Which is it? 2. As YTM increases, duration increases / decreases. Which is it? 3. As

1. As YTM increases, dollar price increases / decreases. Which is it?

2. As YTM increases, duration increases / decreases. Which is it?

3. As YTM increases, convexity increases / decreases. Which is it?

4. If the reinvestment rate exceeds the YTM, the RCY will be less than / greater than the YTM. Which is it?

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