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An investment banker agrees to underwrite a 5000000 bond

Question: 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?

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Finance Basics: An investment banker agrees to underwrite a 5000000 bond

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