By definition a callable bond may be 1) ___________________, and will generally have an interest rate 2) _____________ than bonds of comparable risk.

Select one: a. 1) repaid to holders prior to maturity; 2) lower b. 1) exchanged for shares of common stock; 2) higher c. 1) exchanged for shares of common stock; 2) lower d. 1) repaid to holders prior to maturity; 2) higher