14. What impact would you expect the option features ofcallable bonds and mortgage participation certificates to have
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14. What impact would you expect the option features ofcallable bonds and mortgage participation certificates to have on the expected durations of such bonds as opposed to the durations calculated on the basis of the bonds' stated maturity dates?
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Related Book For
Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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