in Curriculum EOC
A non callable corporate bond that hedge the liability of building a hospital. The answer is the investor is exposed to interest rate, cap, and contingent claim risks.
I remember someone here explained non callable corporate bond does have contingent claim risk as it has potential claim on corporate assets.
However, in 2011 CFAI mock #34. The answer says noncallable corporate bond has no contingent claim risk.
WTH? |
发表于 2011-7-11 19:49
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