Question
All else being the same, which has more interest rate risk, a long-term bond or a short-term bond? What about a low coupon bond compared
All else being the same, which has more interest rate risk, a long-term bond or a short-term bond? What about a low coupon bond compared to a high coupon bond? What about a long-term, high coupon bond compared to a short-term, low coupon bond?
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Analysis for Financial Management
Authors: Robert Higgins
11th edition
77861787, 978-0077861780
