Thought this was an interesting article:
http://www.joelonsoftware.com/articles/WallSt101.html
He talks about how bonds that have options in them are usually a bad deal for the buyer. The interest rate on them has to be quite significantly higher before it's a better deal than a simple n-year bond.
Tim
http://www.joelonsoftware.com/articles/WallSt101.html
He talks about how bonds that have options in them are usually a bad deal for the buyer. The interest rate on them has to be quite significantly higher before it's a better deal than a simple n-year bond.
Tim
