Question: Travis recently purchased a callable bond. However, that bond cannot be currently redeemed by the issuer. Thus, the bond must currently be: Select one: a.

Travis recently purchased a callable bond. However, that bond cannot be currently redeemed by the issuer. Thus, the bond must currently be: Select one: a. call protected. b. subject to a sinking fund provision. c. a debenture. d. a "fallen angel". e. unrated.

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