Answer the below questions. (a) Explain how an inverse-floating-rate municipal bond can be created. (b) Who determines

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Answer the below questions.
(a) Explain how an inverse-floating-rate municipal bond can be created.
(b) Who determines the leverage of an inverse floater?
(c) What is the duration of an inverse floater?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:30 AM

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Answer the below questions. (a) Explain how an inverse-floating-rate municipal bond can be created. (b) Who determines

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a A common type of derivative security in the municipal bond market is one in which two classes of s...View the full answer

Bond Markets Analysis and Strategies

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