3. Suppose a corporation plans to issue bonds three months from now and wants to protect against...
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3. Suppose a corporation plans to issue bonds three months from now and wants to protect against a rise in interest rates. Should the corporation buy or sell interest rate futures contracts?
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Foundations Of Global Financial Markets And Institutions
ISBN: 9780262039543
5th Edition
Authors: Frank J. Fabozzi, Frank J. Jones, Francesco A. Fabozzi, Steven V. Mann
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