Question: Other things held constant, if a bond indenture contains a call provision, the yield to maturity that would exist without such a call provision will

Other things held constant, if a bond indenture contains a call provision, the yield to maturity that would exist without such a call provision will generally be _________________ the YTM with it.

a. higher than

b. lower than

c. the same as

d. either higher or lower, depending on the level of call premium, than

unrelated to

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