Question
You buy a 6 percent, 30-year, $1,000 par value floating rate bond in 1999. By the year 2004, rates on bonds of similar risk are
You buy a 6 percent, 30-year, $1,000 par value floating rate bond in 1999. By the year 2004, rates on bonds of similar risk are up to 8 percent.
What is your one best guess as to the value of the bond?
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The Handbook Of Credit Portfolio Management
Authors: Greg Gregoriou, Christian Hoppe
1st Edition
0071598340, 978-0071598347
