The point is to effectively shorten the bond for the investor, it doesn’t guarantee they will get their money back when the coupon steps-up, but it makes it very likely they will get their money back at that time and otherwise provides them with a high coupon bond that could likely be sold at a good price.
This page is about the voters of this citizen quote.
We're doing our best to make sure our content is useful, accurate and safe. If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Share your thoughts on this citizen quote voters with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In