Companies sometimes issue floating-rate bonds. In this case the interest rate might be set at (say) 1

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Companies sometimes issue floating-rate bonds. In this case the interest rate might be set at (say) 1 percent above the Treasury bill rate. Would you expect the price of a company’s floating-rate bonds to vary? If so, why?

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Principles of Corporate Finance

ISBN: 978-0072869460

7th edition

Authors: Richard A. Brealey, Stewart C. Myers

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Question Posted: Jun 09, 2011 06:01 AM

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Companies sometimes issue floating-rate bonds. In this case the interest rate might be set at (say) 1

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Principles of Corporate Finance

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