6. The traditional valuation methodology is to discount every cash flow of a bond by the same...
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6. The traditional valuation methodology is to discount every cash flow of a bond by the same interest rate (discount rate), thereby incorrectly viewing each security as the same package of cash flows.
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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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