Question: As interest rates decrease, long-term bond prices a.increase by a greater degree than short-term bond prices. b.increase by an equal degree as short-term bond prices.
As interest rates decrease, long-term bond prices
a.increase by a greater degree than short-term bond prices.
b.increase by an equal degree as short-term bond prices.
c.decrease by a greater degree than short-term bond prices.
d.decrease by an equal degree as short-term bond prices.
e.decrease by a smaller degree than short-term bond prices.
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