a. Explain the impact on the offering yield of adding a call feature to a proposed bond

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a. Explain the impact on the offering yield of adding a call feature to a proposed bond issue.
b. Explain the impact on both effective bond duration and convexity of adding a call feature to a proposed bond issue.

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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