Statement is not true about interest rate risk

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Which of the following statement is not true about interest rate risk? (Only one correct answer.)

Select one:

a. Interest rate risk is the uncertainty of how the bond price will change following the interest rate changes.

b. Bond prices are negatively related to interest rate movements.

c. Long term bonds have higher interest rate risk than short term bonds.

d. Lower coupon bonds have lower interest rate risk.

Reference no: EM132569639

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