What is a callable bond? Is a call provision more or less attractive to a bond holder

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What is a callable bond? Is a call provision more or less attractive to a bond holder than a noncallable bond?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:34 AM

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What is a callable bond? Is a call provision more or less attractive to a bond holder

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A call provision allows the issuer to require the bondholder to sell the bond bac...View the full answer

Financial Markets and Institutions

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