What does the call feature of a bond mean? a. An investor can call for payment on
Question:
What does the call feature of a bond mean?
a. An investor can call for payment on demand.
b. An investor can only call if the firm defaults on an interest payment.
c. The issuer can call the bond issue prior to the maturity date.
d. The issuer can call the issue during the first three years.
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The correct answer is c The issuer can call the bond issue prior to the maturity date Explanation Th...View the full answer
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Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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