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An investment banker agrees to underwrite a $5000000 bond issue for the JCN corporation on a firm commitment basis The investment banker pays JCN on Thursday and plans to begin a public sale on

An investment banker agrees to underwrite a $5,000,000 bond issue for the JCN corporation on a firm commitment basis. The investment banker pays JCN on Thursday and plans to begin a public sale on Friday. What type of interest rate movement does the investment bank fear while holding these securities? ( LG 16-2 )

May 10 2020 View more View Less

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