Question: A deferred call provision is designed to prohibit the calling of a bond prior to a certain date. ensure the owner of a bond agrees
A deferred call provision is designed to
prohibit the calling of a bond prior to a certain date.
ensure the owner of a bond agrees to the call before a bond is called.
guarantee a bond will be repaid on a certain date prior to maturity.
ensure bondholders receive full value when a bond is called.
ensure any bankruptcy of the issuer is deferred until a bond is repaid in full.
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