nulry

 我觉得这道题其实不要深究，你只要记住，有embedded option bonds的interest rate risk 是下降的。也就是同比option free bond，他对于利率变动的敏感性是较小的。

so can I say that both the call and put option bond will increase and decrease in an amount less than the option free bond?

[此贴子已经被作者于2009-12-5 12:14:50编辑过]