Which of the following describes a bond with a call feature? a. b. C. d. it is

Which of the following describes a bond with a call feature?

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a. b. C. d. it is attractive, because the immediate receipt of principal plus premium produces a high retum it is more likely to be called when interest rates are high, because the interest savings will be greater it would usually have a higher yield than a similar noncallable bond it generally has a higher credit rating than a similar noncallable bond