Corporate bonds usually pay interest semiannually. If an FI decided to change from semiannual to annual interest

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Corporate bonds usually pay interest semiannually. If an FI decided to change from semiannual to annual interest payments, how would this affect the bond’s interest rate risk? (LG 19-1)

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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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