When Future Interest Rate Movements Are Known with Certainty and Bonds

question 78

Multiple Choice

When future interest rate movements are known with certainty and bonds are fairly priced,

• A) all yields-to-maturity will be the same.
• B) all bonds are sold for the same price.
• C) all bond equivalent yields will be the same.
• D) all of the above.
• E) none of the above.

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