Question: A callable bond will typically have a yield than an otherwise identical bond without a call feature because ..... O A. higher, the firm loses

A callable bond will typically have a yield than an otherwise identical bond without a call feature because ..... O A. higher, the firm loses flexibility with a callable bond OB. higher, the option to call a bond is valuable O C. lower, the option to call a bond is valuable OD. lower, the firm loses flexibility with a callable bond
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