Question: A bond that has an embedded put is more valuable at ( higher/lower)Over this region on the prince/yield curve you can see that a puttable
A bond that has an embedded put is more valuable at ( higher/lower)Over this region on the prince/yield curve you can see that a puttable bond has (more/less)value than an option-free bond. These bonds are valuable to the bond (holder/issuer)as they have the right to exercise the embedded put option.
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