A call provision on a bond allows the issuer to redeem the bond at will. Investors do

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A call provision on a bond allows the issuer to redeem the bond at will. Investors do not like call provisions and so require higher interest on callable bonds. Why do issuers continue to issue callable bonds anyway?

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Financial Markets And Institutions

ISBN: 978-0132136839

7th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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Question Posted: Nov 12, 2012 01:11 AM

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A call provision on a bond allows the issuer to redeem the bond at will. Investors do

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Financial Markets And Institutions

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