Question
When the present value of the cash flows on a large bond portfolio changes because one the issuers does not make the coupon payment, what
When the present value of the cash flows on a large bond portfolio changes because one the issuers does not make the coupon payment, what type of risk is this?
Group of answer choices
Spread risk
Market risk
Recovery risk
Default risk
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Cases In Healthcare Finance
Authors: Louis C. Gapenski, George H. Pink
4th Edition
1567933424, 978-1567933420
