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Business, 27.08.2020 01:01 beauburgess1108

A mutual fund invested in bonds with medium-length maturities. As the bonds matured, the fund reinvested the proceeds and purchased long-term bonds with maturities of up to 20 years. What might have happened to the fund if the reinvestment had occurred during a period when interest rates were rising

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A mutual fund invested in bonds with medium-length maturities. As the bonds matured, the fund reinve...
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