Question: When a bond is callable, does this increase or decrease the market price of the bond (versus a bond that is not callable)? Explain why

When a bond is callable, does this increase or decrease the market price of the bond (versus a bond that is not callable)? Explain why

When a bond has a sinking fund feature, does this increase or decrease the market price of the bond (versus a bond that has no sinking fund feature)? Explain why.

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