Bond prices can fall either because of a change in the general level of interest rates or

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Bond prices can fall either because of a change in the general level of interest rates or because of an increased risk of default. To what extent do floating-rate bonds and puttable bonds protect the investor against each of these risks?

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 09, 2011 06:01 AM

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Bond prices can fall either because of a change in the general level of interest rates or

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Floatingrate bonds provide bondholders with protection against i...View the full answer

Principles of Corporate Finance

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