Question: You predict that interest rates are about to fall. Which bond will give you the highest capital gain? a. Low coupon, long maturity. b. High

 You predict that interest rates are about to fall. Which bond

You predict that interest rates are about to fall. Which bond will give you the highest capital gain? a. Low coupon, long maturity. b. High coupon, short maturity. c. High coupon, long maturity. d. Zero coupon, long maturity

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