5. The base interest rate in valuing bonds is the rate on default-free securities and U.S. Treasury...
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5. The base interest rate in valuing bonds is the rate on default-free securities and U.S. Treasury securities are viewed as default-free securities.
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Measuring And Controlling Interest Rate And Credit Risk
ISBN: 9780471268062
2nd Edition
Authors: Frank J. Fabozzi, Steven V. Mann, Moorad Choudhry
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