"Implications for Investor: 2. A bond buyer in order to receive the maximum price impact of an expected change in interest rates should purchase low-coupon and long-maturity bonds. 1. If an increase in interest rate is expected an investor contemplating his purchase should consider these bonds with large coupons or short-maturities or both. Source: http://in.docsity.com/en-docs/Bond_Price_Volatility_-_Security_Analysis_and_Portfolio_Management_-_Solved_Quiz_"
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