Suppose you are a portfolio manager that has $1 million invested in U.S. treasuries that were purchased at par value and carry a 1.875% coupon rate with a maturity of 2/15/51. Imagine that you go into work tomorrow and learn that the market has changed and that the general level of interest rates has risen. 

What would be your likely reaction?

Answer rating: 100% (QA)

As a portfolio managermy likely reaction to a sudden rise in interest rates would depend on the specific details of the situationincluding 1 Time rema... View the full answer