Www.finrafoundation.org

A lower market price isn’t a problem if you plan to hold the bond to maturity, since you will still receive your entire principal back at that time. But interest rate risk does mean you could find yourself holding a bond that pays interest at a lower rate than newer bonds being issued, so you realize less income than if you owned the newer bonds. ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download