Bond prices can fall either because of a change in the general level of interest rates or because of an increased risk of default or a change in the real rate of return (otherwise known as opportunity cost of capital). To what extent do floating-rate bonds and puttable bonds protect the investor against each of these risks?
textbook used in class, also use external sources as well.
Brealey, R., Myers, S., & Allen, F. (2013). Principles of Corporate Finance (11th ed.) New York: McGraw-Hill Education Group. ISBN-13: 9780078034763