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3 A retractable or putable bond O a. gives the firm the right to repurchase the bond Ob. gives the bondholder the right to sell
3 A retractable or "putable" bond O a. gives the firm the right to repurchase the bond Ob. gives the bondholder the right to sell the bond back to the firm Oc. is issped to protect the bondholder against interest rate increases Od. has a floor price e. b, c, and d
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