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Which of the following is FALSE regarding bonds? If interest rates in the market go...

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Which of the following is FALSE regarding bonds? If interest rates in the market go up, the present value of existing bonds goes down. A bond indenture describes the terms of the bond issue. Long term bonds have greater interest rate risk than do short term bonds. A bond issuer is legally required to make the interest payments and repay the par value at maturity. Bonds represent ownership in the company

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