If interest rates in the market decline below the coupon rate on a callable bond that is
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If interest rates in the market decline below the coupon rate on a callable bond that is currently callable, why would an investor say that the embedded call option is “in the money”?
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Related Book For
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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