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A callable bond is a type of bond that has the following unique characteristic..... It gives the issuer the right to repay the bond before

  1. A callable bond is a type of bond that has the following unique characteristic.....

    It gives the issuer the right to repay the bond before the maturity date

    It gives the bondholder the right to convert the bond to common stock

    .It gives the issuer the right to call the bond away from debt and change it to equity

    It gives the bondholder the right to get paid back early

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