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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