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a. Explain the likely impact on the offering yield of adding a call feature to a proposed bond issue. b. Explain the likely impact on

a. Explain the likely impact on the offering yield of adding a call feature to a proposed
bond issue.
b. Explain the likely impact on the bonds expected life of adding a call feature to a
Proposed bond issue.
c. Cite one advantage and one disadvantage of investing in callable bonds rather than
non-callable bonds.

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