CFA Practice Question

CFA Practice Question

For which of the following bonds would you have difficulty in estimating the cash flows?
A. Callable, putable and asset backed.
B. Callable, putable, asset backed and mortgage backed.
C. Callable, putable, asset backed, mortgage backed and convertible.
Explanation: All give rise to cash flow estimation problems, you would have the same problem with a floating rate bond.

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