Which of the following statements is true?
A) For a given change in market interest rates, the prices of higher-coupon bonds change more that the prices of lower-coupon bonds.
B) If market interest rates rise, a 1-year bond will fall in value more than a 10-year bond.
C) If interest rates rise, bond prices will rise.
D) If market interest rates rise, a 10-year bond will fall in value more than a 1-year bond.
Answer: D) If market interest rates rise, a 10-year bond will fall in value more than a 1-year bond.
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The Commerce Clause of the U.S. Constitution ________
A) provides the basis for most of the federal regulation of business B) provides states the authority to regulate interstate commerce C) does not regulate commerce with foreign nations D) does not apply to the transportation of goods
Which organization design has a high degree of formalization with centralized decision making and rigid hierarchical relationships?
A) Mechanistic B) Matrix C) Boundaryless D) Organic