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In a pure yield pickup swap, ________ bonds are exchanged for _________ bonds. high-coupon; high-yield low-yield; high-yield longer-duration; shorter-duration shorter-duration; longer-duration
In a pure yield pickup swap, ________ bonds are exchanged for _________ bonds.
high-coupon; high-yield
low-yield; high-yield
longer-duration; shorter-duration
shorter-duration; longer-duration
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Essentials Of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
12th Edition
0030258723, 9780030258725
