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If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate
If the coupon interest rate is 4.375% for the first six months and changes to a rate equal to the 10-year Treasury bond rate plus 1.3% thereafter, the bond is called a bond. Which term is used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the early years of the bond issue?
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The term used to describe a call provision in which the issuer is prevented from calling a portion or the entire issue for several years during the ea...
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Financial Institutions Management A Risk Management Approach
Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders
8th edition
978-0078034800, 78034809, 978-0071051590
