Assume a hypothetical 30-year bond is issued on 15 August 2019 at a price of 98.195 (as
Question:
Assume a hypothetical 30-year bond is issued on 15 August 2019 at a price of 98.195 (as a percentage of par). Each bond has a par value of $1,000. The bond is callable in whole or in part every 15 August from 2029 at the option of the issuer. The call prices are shown below.
The call provision is most likely:
A. A Bermuda call.
B. A European call.
C. An American call.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: