Question
The impact of a modest downward shift in interest rates for aninverse floater is likely to be: a/ A large increase in value b/ A
The impact of a modest downward shift in interest rates for aninverse floater is likely to be:
a/ A large increase in value
b/ A small increase in value
c/ Negligible difference
d/ A large decrease in value
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Financial Theory and Corporate Policy
Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri
4th edition
321127218, 978-0321179548, 321179544, 978-0321127211
