If bonds pay fixed interest rates, how can they be sold year after year on the secondary

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If bonds pay fixed interest rates, how can they be sold year after year on the secondary market? Include the idea of how yields adjust to changing market interest rates.

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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Question Posted: Sep 13, 2012 04:25 AM

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If bonds pay fixed interest rates, how can they be sold year after year on the secondary

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The interest actually paid by a bond is constant from year to year b...View the full answer

Practical financial management

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