EBK FOUNDATIONS OF FINANCIAL MANAGEMENT
EBK FOUNDATIONS OF FINANCIAL MANAGEMENT
17th Edition
ISBN: 9781260464900
Author: BLOCK
Publisher: MCGRAW-HILL LEARNING SOLN.(CC)
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Chapter 16, Problem 16DQ
Summary Introduction

To explain: The manner in which the floating rate bonds save the investors from probable embarrassments during valuations of portfolios.

Introduction:

Floating rate bonds:

These are those debt instruments whose amount of interest fluctuates with the rate of interest. This rate of interest resets periodically.

Portfolio valuations:

It is conducted for the purpose of the evaluation of the performances of alternative investments, which are done for the reporting of finances and taxation compliance. It also affects the compensation of the investment manager.

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Chapter 16 Solutions

EBK FOUNDATIONS OF FINANCIAL MANAGEMENT

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