On a graph, draw the price/yield relationship of a callable bond and an option-free bond. Explain why

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On a graph, draw the price/yield relationship of a callable bond and an option-free bond. Explain why they differ. Now draw the price-yield relationship of a putable bond. Explain how it differs.

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Related Book For  book-img-for-question

Introduction To Fixed Income Analytics

ISBN: 9780470572139

2nd Edition

Authors: Steven V. Mann, Frank J. Fabozzi

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