If you buy a callable bond and interest rates decline, will the value of your bond rise

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If you buy a callable bond and interest rates decline, will the value of your bond rise by as much as it would have risen if the bond had not been callable? Explain.

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Corporate Finance A Focused Approach

ISBN: 978-1439078082

4th Edition

Authors: Michael C. Ehrhardt, Eugene F. Brigham

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Question Posted: Sep 22, 2011 05:18 PM

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If you buy a callable bond and interest rates decline, will the value of your bond rise

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