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A firm issues two coupon bonds, A and B, which are otherwise identical except that bond B is callable. Per $1,000,000 of par value, the
A firm issues two coupon bonds, A and B, which are otherwise identical except that bond B is callable. Per $1,000,000 of par value, the firm would normally be able to
A) Raise identical amounts of money from the sale of either bond
B) Raise more money from the sale of A than B
C) Raise more money from the sale of B than A
D) Raise more money from the sale of B than A only if interest rates are high
E) Raise more money from the sale of A than B only if interest rates are low
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