Question
Koa, who lives in Kapolei, Hawaii, purchased three bonds from a company based in North Dakota that were yielding 8.5% and paid a 7% coupon,
Koa, who lives in Kapolei, Hawaii, purchased three bonds from a company based in North Dakota that were yielding 8.5% and paid a 7% coupon, semi-annually. The company went bankrupt and Koa never received her money. What type of risk caused Koas loss?
A.Exchange rate risk. B.Default risk. C.Interest rate risk. D.Executive risk.
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Introduction To The Financial Management Of Healthcare Organizations
Authors: Michael Nowicki
7th Edition
156793904X, 9781567939040
