Question: A bond has a make - whole call provision. Given this, you know that the: bond will always sell at par. bond must be a
A bond has a makewhole call provision. Given this, you know that the:
bond will always sell at par.
bond must be a zero coupon bond.
call price is directly related to the market rate of interest.
call premium must equal the annual coupon payment.
call price is inversely related to the market rate of interest.
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