Explain how an increase in expected interest-rate volatility can decrease the value of a callable bond.

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:39 AM

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Explain how an increase in expected interest-rate volatility can decrease the value of a callable bond.

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From an investors point of view they have sold a call option to ...View the full answer

Bond Markets Analysis and Strategies

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