Level II Question #3: On a given day, a bond with a call provision rose in value by 1%. What can be said about the level and volatility of interest rates? A. A possibility is that the level of interest rates remained constant, but the volatility of interest rates fell. B. The only possible explanation is that level of interest rates fell. C. A possibility is that the level of interest rates remained constant, but the volatility of interest rates rose. Answer will be posted on May 6, 2014.
Posted on: Mon, 05 May 2014 14:15:45 +0000
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