Floating-rate debt is advantageous to investors because the interest rate moves up if market rates rise. Since floating-rate debt shifts interest rate risk to companies, it offers no advantages to issuers.
Answer the following statement true (T) or false (F)
False
Rationale: Floating rates can benefit issuers if rates decline, so a company that thinks rates are likely to fall would want to issue such bonds.
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The Equal Pay Act of 1963 was passed as an amendment to the:
A. Employment Retirement Income Security Act. B. Fair Labor Standards Act. C. National Labor Relations Act. D. Labor-Management Relations Act.
Objectives must be quantified in order to be useful.
Answer the following statement true (T) or false (F)
Identify the preposition in this sentence: Jack left the book in the car
a. left b. the c. in
In a multi-step income statement, interest revenue and interest expense are included in operating income
Indicate whether the statement is true or false