Question
Which of the following statements is true? a. Duration of a short position in bonds is positive b. Bonds are priced at a discount to
Which of the following statements is true?
| a. | Duration of a short position in bonds is positive | |
| b. | Bonds are priced at a discount to par value when coupon rate is higher than yield to maturity | |
| c. | A bond with higher coupon rate has longer duration, all else equal | |
| d. | Poorly rated bonds have higher default rates than highly rated bonds |
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
