The interest rate risk of a noncallable bond is most likely to be positively related to the:
Question:
The interest rate risk of a noncallable bond is most likely to be positively related to the:
a. Risk-free rate.
b. Bond’s coupon rate.
c. Bond’s time to maturity.
d. Bond’s yield to maturity.
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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