Question: 1 ) What is a callable bond? 2 ) What is the call price? 3 ) How do you verify the call price of 1

1) What is a callable bond?
2) What is the call price?
3) How do you verify the call price of 101? What source document(s) do you need to obtain to verify the call price?
4) How do you decide whether there is a gain or a loss from the bonds early retirement?
5) How do you verify the carrying value of the bonds at the early retirement?
6) Which file (a transaction file or a master file) do you need to verify the cash paid for the early retirement? Be specific with your answer.

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