Would a bond be more or less desirable if you learned that it has a sinking fund

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Would a bond be more or less desirable if you learned that it has a sinking fund that requires the company to redeem, say, 10% of the original issue each year beginning in 2019, either through open market purchases or by calling the redeemed bonds at par? How would it affect your answer if you learned that the bond was selling at a high premium, say, 130% of par, or at a large discount, say, 70% of par?
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Related Book For  answer-question

Intermediate Financial Management

ISBN: 978-1285850030

12th edition

Authors: Eugene F. Brigham, Phillip R. Daves

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