Answer the below questions. (a) What is the difference between refunding protection and call protection? (b) Which

Question:

Answer the below questions.
(a) What is the difference between refunding protection and call protection?
(b) Which protection provides the investor with greater protection that the bonds will be acquired by the issuer prior to the stated date? Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...