8. Callable Bonds (LO2, CFA5) All else the same, callable bonds have less interest rate sensitivity than

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8. Callable Bonds (LO2, CFA5) All else the same, callable bonds have less interest rate sensitivity than noncallable bonds. Why? Is this a good thing?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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