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    Exam 23: Mutual Fund Operations
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    Mutual Funds Whose Bonds Have a ____ Average Time to Maturity
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Mutual Funds Whose Bonds Have a ____ Average Time to Maturity

Question 32

Question 32

Multiple Choice

Mutual funds whose bonds have a ____ average time to maturity are ____ sensitive to interest rate fluctuations.


A) longer; less
B) shorter; less
C) shorter; more
D) A and C

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