Question: A bond with a call feature: is attractive because the immediate receipt of principal plus premium produces a higher return is more likely to be

A bond with a call feature: is attractive because the immediate

A bond with a call feature: is attractive because the immediate receipt of principal plus premium produces a higher return is more likely to be called when the YTM is higher than the coupon rate usually has a lower price than a similar noncallable bond None of the above

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