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Unformatted text preview: a. 12 percent. b. -2 percent. c. -12 percent. d. 2 percent. 3 . Determine whether the below statements are true or false. I. Prices and returns for short-term bonds are less volatile than those for long-term bonds. II. The prices of longer-maturity bonds respond more dramatically to changes in interest rates. a. Both are false. b. Both are true. c. I is true, II false. d. I is false, II true....
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- Spring '08