Question
If you expected interest rates to decline, describe the characteristics (coupon rate and maturity) of the bond you would want to hold? Explain you reasoning.
If you expected interest rates to decline, describe the characteristics (coupon rate and maturity) of the bond you would want to hold? Explain you reasoning. Would you want to hold bonds with long or short durations? Why?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
13th edition
978-1285027371, 128502737X, 978-1133541141
