An investment bank agrees to underwrite a 100000000 8-year


An investment bank agrees to underwrite a $ 100,000,000, 8-year 7% semiannual bond issue for X Corporation. If interest rates rise 0.03%, or 3 basis points overnight, what will be the impact on the profits of the investment bank ?

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Finance Basics: An investment bank agrees to underwrite a 100000000 8-year
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