CH 13 QUIZ 45

CH  13  QUIZ  45
 Volatile high interest rates have directly caused more emphasis on duration analysis because
A. Investors have responded to the new environment by switching from short-term to longer-term securities
B. Prices of longer-term bonds are more sensitive to shifts in interest rates than shorter-term bonds
C. Duration analysis measures the degree of bond price sensitivity
D. All of the above

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