A 10-year bond is issued on January 1 2010. Its c
A 10-year bond is issued on January 1, 2010. Its contract requires that its coupon rate change over time as shown in the following table:
This security is best described as an example of a:
A. step-up note.
B. inverse floater.
C. deferred coupon bond.
参考解答
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2024-11-14 22:09:18
Ans:A;
A is correct step-up notes have coupon rates that increase over time at a specified rate. The increase may take place one or more times during the life of the issue.
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