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A company is considering a long-term bond issue. It is debating whether to include a call provision. What are the benefits and costs to the

A company is considering a long-term bond issue. It is debating whether to include a call provision. What are the benefits and costs to the company from including the calll provision? What are the benefits and costs to the bond investor? If you won the lottery would you want a one payment immediately or smaller payments over time? Why would you choose so?

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