a. Explain the likely impact on the offering yield of adding a call feature to a proposed

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a. Explain the likely impact on the offering yield of adding a call feature to a proposed bond issue.

b. Explain the likely impact on the bond’s expected life of adding a call feature to a proposed bond issue.

c. Describe one advantage and one disadvantage of investing in callable rather than noncallable bonds.?  P-69

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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