Question
To what extent do floating-rate bonds and puttable bonds protect the investor against a fall of bonds price due to a change in the general
To what extent do floating-rate bonds and puttable bonds protect the investor against a fall of bonds price due to a change in the general level of interest rates or because of an increased risk of default or a change in the real rate of return?
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
