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You notice RW, Inc has the following bonds outstanding. All have a maturity of three years, the same credit rating, and are pari passu (meaning
You notice RW, Inc has the following bonds outstanding. All have a maturity of three years, the same credit rating, and are pari passu (meaning equal in priority). Bond Coupon Special provisions 4.00% Option-free bond 4.00% Callable at par at the end of years 1 and 2 C 4.00% Putable at par at the end of years 1 and 2 D 1-year LIBOR Floating rate bond B Which bond do you expect to have the lowest duration? O Bond A O Bond B Bond C Bond D
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