Which of the Following Statements Is Incorrect

question 65

Multiple Choice

Which of the following statements is incorrect?

• A) Interest rates and bond prices move inversely with each other.
• B) Corporate bonds have no interest rate risk in the long run.
• C) Arbitrage keeps interest rates on equally risky assets the same.
• D) A longer term to maturity exposes a bond holder to greater interest rate risk.

---

Definitions:

Interview Witnesses

The act of formally questioning individuals who may have information relevant to a case or investigation.

Unauthorized Practice of Law (UPL)

The performance of actions defined by a legal authority, such as a state legislature, as constituting the “practice of law,” without authorization to do so.

Fee Splitting

The practice of dividing the fees from a case or transaction between two or more professionals, which, depending on the context, may be considered unethical or illegal.

Representing Clients

The act of advocating on behalf of individuals or entities in legal proceedings, negotiations, or transactions.