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Schweser Prac Exam Vol 2, PM Paper 2, Qn 15.5
Hi,
Kinda confused over this question. Answer states that "Both callable bonds and bonds with long durations trade at a premium due to their scarcity."
Shouldn't callable bonds trade at a discount? I thought only putable bonds trade at a premium due to their scarcity?
Thanks in advance! |
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发表于 2011-7-11 19:20
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