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borteleto borteleto
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Posts: 2477
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5 years ago
A bond that matures in 5 years has less interest rate risk than a bond that matures in 25 years because regardless of changes in interest rates, the bond can be redeemed for face value 20 years earlier.
[True or False]
Textbook 
Foundations of Finance

Foundations of Finance


Edition: 9th
Authors:
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Marc18Marc18
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5 years ago
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5 years ago
this is exactly what I needed
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This calls for a celebration Person Raising Both Hands in Celebration
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You make an excellent tutor!
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