Question: For a given absolute change in yield to maturity, the percentage increase in an option-free bond's price will be _______________________ the percentage decrease. Select one:

For a given absolute change in yield to maturity, the percentage increase in an option-free bond's price will be _______________________ the percentage decrease.

Select one:

a.less than

b.greater than

c.either less than or greater than (depending on the maturity)

d.the same as

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