各位板大好
想請教一題利率風險的題目
a noncallable 20-year bond will generally have an expected life that is
equal to or greater than that of an otherwise identical callable 20-year bond.
moreover, the interest risk faced by investors is greater the longer the
maturity of a bond. therefore, callable bond expose investors to less interest
rate risk than noncallable bonds, other things being equal.
以上敘述是錯的
以下是我的看法:
首先是第四行的maturity of bond
應該改成存續期間
還有第四行最後面的less應該改成more
不知道這樣的想法對不對呢??
希望板大可以解答 謝謝^^
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