Question: Use the following statements to answer this question: 1. Callable bonds give the bondholder an option to sell the bond to the bond issuer at

Use the following statements to answer this question: 1. Callable bonds give the bondholder an option to sell the bond to the bond issuer at a predetermined price. ll. For a given change in interest rates, bond prices will increase more when rates decrease than they will decrease when rates increase. lii. All debentures are secured bonds. Select one: O All statements are correct. O ii and ii are correct o Only ii is correct O Only iis correct. O i and ii are correct

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