Chartered Financial Analyst Level 2
Get started today
Ultimate access to all questions.
70 Compared to a putable bond, an otherwise identical callable bond:
70 Compared to a putable bond, an otherwise identical callable bond:
Exam-Like
Last updated: December 21, 2025 at 14:03A
has less downside risk when interest rates rise.
B
has more upside potential when interest rates decline.
C
has lower convexity when the call option is near the money.
Comments
Loading comments...