You have an investment horizon of 6 years. You choose to hold a bond with a duration of 6 years and continue to match your investment horizon and duration throughout your holding period. Your realized rate of return will be the same as the promised yield on the bond if: I. Interest rates increase. II. Interest rates stay the same. III. Interest rates fall.

I. Interest rates increase.

II. Interest rates stay the same.

III. Interest rates fall.

Explanation:

Based on the information given in the question above, the realized rate of return will be the same as the promised yield on the bond when there's an increase in the interest rates.

Also, in a situation whereby the interest rates stay the same or falls, the realized rate of return will still be the same as the promised yield on the bond.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.

choices : )

explanation: