All Else Equal,when Interest Rates ________,The Duration of a Coupon

question 64

Multiple Choice

All else equal,when interest rates ________,the duration of a coupon bond ________.

• A)rise;falls
• B)rise;increases
• C)falls;falls
• D)falls;does not change

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Definitions:

Subagent

An agent appointed by another agent to perform tasks or duties on behalf of the original agent's principal.

Authorized Transaction

A financial operation that has been approved or permitted by the relevant authorities or parties involved.

Estoppel

A legal principle that prevents someone from arguing something contrary to a claim they have previously made or accepted by their actions.

Apparent Authority

A situation where a reasonably prudent person would understand that an agent had the authority to act, even if the agent didn't have actual authority.