A bond Can be redeemed by its owner for its face Value after Either 5 or 10 Years . SO at the end of 5 years , the bondholder must make a one -time choice to either redeem the bond then or let it continue for 5 more years . This complex financial security can be described as a . 10 - year Straight bond plus a 5- year call option on it b . a 10 - year straight bond plus a 5- year put option on it C . 2 5 - year straight bond plus a 5- year call option on another 5* year straight bond d . a 5 - year straight bond plus a 5- year put option on another 5- year straight bond E. A and E F. A and C J . A. and hi . { and } i . E and [ J . C and [ K. all but A 1 . all but E mall but [ 17 . all but [ O . all are true D. none are true