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A call provision gives bondholders the right to demand, or call for, repayment of a bond prior to its maturity. Typically, companies call bonds if
A call provision gives "bondholders" the right to demand, or "call for," repayment of a bond prior to its maturity. Typically, companies call bonds if interest rates (think YTM) rise and do not call them if interest rates (think YTM) decline. True False
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