Question
From the time of issuance until the bond matures, which of the following bonds is most likely to exhibit negative convexity? A. A putable bond
From the time of issuance until the bond matures, which of the following bonds is most likely to exhibit negative convexity?
| A. | A putable bond | |
| B. | A callable bond | |
| C. | An option-free bond selling at a discount | |
| D. | None of the above |
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Cases In Healthcare Finance
Authors: Louis C. Gapenski, George H. Pink
4th Edition
1567933424, 978-1567933420
