投资学课后习题答案Chap014.pdfVIP

CHAPTER 14: BOND PRICES AND YIELDS CHAPTER 14: BOND PRICES AND YIELDS PROBLEM SETS 1. a) Catastrophe bo d – A bo d that allows the issuer to tra sfer “catastrophe risk” from the firm to the capital markets. I vestors i these bo ds receive a compe satio for taki g o the risk i the form of higher coupo rates. I the eve t of a catastrophe, the bo dholders will give up all or part of their i vestme ts. “Disaster” ca be defi ed