...that offset their earning potential will affect the company to be seem as less risky. More likely this firm will result with a more steady profit potential year round, which means that...
債券特性之一:票面利率coupon rate越小,到期期間term to maturity越長,其存續期間duration越大→風險(price volatility)越大 因此a.答案是(4) A low coupon and a long maturity. b.投資人預期利率下跌,因此要購買coupon高及term to maturity長的債券!(3)Hight, long. c.要記住!零息債券的存續...