Assume market interest rates have risen substantially in


Assume market interest rates have risen substantially in the 5 years since an investor purchased Treasury bonds that were offering a 6% return over their 15-year life. If the investor sells now he or she is likely to realize a total return that is:

A. greater than 6%. B. less than 6%. C. equal to 2%. D. equal to 6%.

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Financial Management: Assume market interest rates have risen substantially in
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