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An investment bank agrees to underwrite a $ 1 0 billion bond issue for the XYZ Corporation on a firm commitment basis. The investment bank
An investment bank agrees to underwrite a $ billion bond
issue for the XYZ Corporation on a firm commitment basis.
The investment bank pays XYZ on Thursday and plans to
begin a public sale on the following Monday. What kind of
interest rate movement does the investment bank fear while
holding the securities Why? Be specific.
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Global Edition
1292422114, 9781292422114
