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If a bond lacks a conversion feature 1 - the bond would

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If a bond lacks a conversion feature, 1 - the bond would have a lower coupon, 2 - the bond would have a higher coupon, 3 - the price of the bond would be more responsive to changes in interest rates or 4 - the price of the bond would be less responsive to changes in interest rates.

Reference no: EM13622650

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