95٪ تخفیف فوری
(b) the coupon rate of the bond - Holding maturity and default risk constant, increasing the coupon rate of a straight bond will decrease its sensitivity to interest rate changes. Since higher coupons result in more cash flows earlier in the bond's life, the present value will Figure 33.1: Bond Values and Interest Rates $0.00 $200.00 $400.00 ...
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