Many callable bonds have a call premium for early calls. Who does the call premium benefitthe issuer

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Many callable bonds have a call premium for “early” calls. Who does the call premium benefit—the issuer or the purchaser of the bond? How?

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Introduction to Financial Accounting

ISBN: 978-0133251036

11th edition

Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick

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Question Posted: Feb 20, 2015 09:07 AM

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Many callable bonds have a call premium for early calls. Who does the call premium benefitthe issuer

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The call provision benefits the issuer who obtai...View the full answer

Introduction to Financial Accounting

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