If you buy a callable bond and interest rates decline, will the value of your bond rise

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If you buy a callable bond and interest rates decline, will the value of your bond rise by as much as it would have risen if the bond had not been callable? Explain.

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Financial management theory and practice

ISBN: 978-0324422696

12th Edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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Question Posted: Mar 16, 2010 06:23 AM

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If you buy a callable bond and interest rates decline, will the value of your bond rise

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Financial management theory and practice

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