What is a callable bond? Is a call provision more or less attractive to a bond holder

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What is a callable bond? Is a call provision more or less attractive to a bond holder than a noncallable bond?

(LG 6-2)

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ISE Financial Markets And Institutions

ISBN: 9781265561437

8th International Edition

Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts

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