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