|
- UID
- 222303
- 帖子
- 400
- 主题
- 8
- 注册时间
- 2011-7-2
- 最后登录
- 2015-11-28
|
puttable bonds are clear why they trade at a premium
callable bonds pay higher coupon rates to compensate investor for probability the bond will be called when interest rates fall ( reinvestment risk) ................these bonds are scarce in the market place...............if for whatever reason the investor feels that the issuer will not call ( does not have sufficient funds etc) the bonds will trade at a premium........... |
|
发表于 2011-7-13 17:02
|