Relationship between interest rates and bond prices

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What led to the financial crisis of 2008 and why is it considered as the greatest recession since The Great Depression, hence coined as The Great recession? What was different than the other crises we faced between The Great Depression and The Great Recession?

What is the relationship between interest rates and bond prices; what do you understand by duration and how does it affect bond valuations?

Reference no: EM132169179

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