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CHAPTER 33 VALUING BONDS

CHAPTER 33 VALUING BONDS

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Some special features in bonds such as sinking funds, subordination of further debt and the type of collateral may affect the prices of bonds, as well. ... Even when they do change, as in floating rate bonds, the changes are generally linked to changes in interest rates. Second, bonds usually have fixed lifetimes, unlike

  Floating, Sinking

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