Question: Which statement is true when the current market yield is lower than the bond coupon? Extendible bondholders should exercise the call feature of their bond

Which statement is true when the current market yield is lower than the bond coupon?

Extendible bondholders should exercise the call feature of their bond

Callable bond issuers should not exercise the extension feature of the bond

Extendible bondholders should not exercise the call feature of their bond

Retractable bondholders should not exercise the retraction feature of the bond

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