You are looking at a 5 year 10% coupon bond with a BBB rating and a 30 year 4% coupon bond with a AAA rating.
You are looking at a 5 year 10% coupon bond with a BBB rating and a 30 year 4% coupon bond with a AAA rating. Which bond has the most default risk and why? Which bond has the most interest rate price risk and why?
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Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
