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货币金融学期末考试
195
单选题

Which
of the following are generally true of all bonds?   

A
The longer a bondʹs
maturity, the greater is the rate of return that occurs as a result of the   increase in the interest rate. 
B
Even though bond has substantial initial interest rate, its return can turn out to be   negative if interest rates rise.  
C
Prices and returns for short-term bonds are more volatile than those for longer term   bonds. 
D
A fall in interest rates results in capital losses for bonds whose
terms to maturity are longer  
than
the holding period.

答案解析

正确答案:B
货币金融学期末考试

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