Question
If bonds pay fixed interest rates, how can they be sold year after year on the secondary market?Include the idea of how yields adjust to
If bonds pay fixed interest rates, how can they be sold year after year on the secondary market?Include the idea of how yields adjust to change market interest rates.
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
