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The committee chair states that interest rates change over time, which causes interest rate risk. She asks you to identify the bond that has the
The committee chair states that interest rates change over time, which causes interest rate risk. She asks you to identify the bond that has the most price risk. (Hint: For each bond, compare the values at annual interest rates of 6, 8, 10, 12, and 14 percent.)
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Money And Capital Markets
Authors: Peter Rose, Milton Marquis
10th Edition
0077235800, 9780077235802
