Question

Which of the following was an outcome of the announcement made by the U.S. government in October 2001 that it will stop selling 30-year bonds?
a. There was a sharp fall in the price of the securities and an increase in the yield to maturity.
b. There was a sharp rise in the price of the securities and a decline in the yield to maturity.
c. There was a sharp rise in the price of the securities and an increase in the yield to maturity.
d. There was a sharp fall in the price of the securities and a decline in the yield to maturity.

Answer

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