Which one is correct regarding a callable bond? is frequently called at a price that is less
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Question:
Which one is correct regarding a callable bond?
is frequently called at a price that is less than par value
generally will have a call protection period during the final three years prior to maturity
is generally call protected during the entire term of the bond issue
may be structured to pay bondholders the current value of the bond on the date of call
is prohibited from having a sinking fund also
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