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QUESTION 10 Which of the following statements is true? a. The price-yield relationship of a puttable bond enjoys a higher degree of convexity than option-bonds.

QUESTION 10

Which of the following statements is true?

	a.	The price-yield relationship of a puttable bond enjoys a higher degree of convexity than option-bonds.
	b.	The price-yield relationship of a puttable bond enjoys the same degree of convexity than option-bonds.
	c.	The price-yield relationship of a puttable bond enjoys a lesser degree of convexity than option-bonds.

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