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Simplify the expression.
Price Decline
Price decline refers to the decrease in the market price of a security or asset over a specific period.
Equal Magnitude
A term used to describe quantities or values that are the same in size, amount, or degree.
Pure Yield Pickup Swap
A strategy where an investor moves into higher-yielding securities, trading off shorter-duration or lower-quality bonds for higher yield, assuming additional risk.
Longer-Duration Bonds
Fixed-income securities with extended time frames to maturity, typically exposing investors to higher interest rate risk but potentially offering higher yields.
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