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A callable bond: O is generally call protected during the entire term of the bond issue. O generally will have a call protection period during
A callable bond: O is generally call protected during the entire term of the bond issue. O generally will have a call protection period during the final three years prior to maturity. may be structured to pay bondholders the current value of the bond on the date of call O is prohibited from having a sinking fund also. is frequently called at a price that is less than par value
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