Which additional bond feature provides protection against rising interest rates and results in the bonds generally trading near their par value?

Name: Which additional bond feature provides protection against rising interest rates and results in the bonds generally trading near their par value?
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Question

Quizplus · Accepted Answer

Floating rate bonds have interest payments that adjust with market interest rates, which helps them maintain their value near par even when interest rates rise.

Which Additional Bond Feature Provides Protection Against Rising Interest Rates