Question: Market economists all predict a decrease in interest rates. An astute bond manager wishing to maximize her capital gain might employ which strategy? A. Switch

Market economists all predict a decrease in interest rates. An astute bond manager wishing to maximize her capital gain might employ which strategy? A. Switch from high-grade to low-grade bonds B. Switch from low-coupon to high-coupon bonds C. Switch from high-duration to low-duration bonds Switch from low-duration to high-duration bonds
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