Question: Callable bonds Multiple Choice are called when interest rates decline appreciably. have a call price that declines as time passes. are called when interest rates

Callable bonds
Multiple Choice
are called when interest rates decline appreciably.
have a call price that declines as time passes.
are called when interest rates increase appreciably.
are more likely to be called when interest rates decline and have a call price that declines as time passes.
have a call price that declines as time passes and are called when interest rates increase appreciably.

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