What is the difference between a call feature and a sinking-fund provision? Briefly describe the 3 types

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What is the difference between a call feature and a sinking-fund provision? Briefly describe the 3 types of call features. Can a bond be freely callable but nonrefundable?

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Fundamentals of Investing

ISBN: 978-0133075359

12th edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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Question Posted: Apr 28, 2015 03:44 AM

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What is the difference between a call feature and a sinking-fund provision? Briefly describe the 3 types

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With a call feature the issuer pays a call premium generally equal to one years inte...View the full answer

Fundamentals of Investing

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