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At yield levels that are close to the bonds coupon rate, is the price of an option-free bond higher than the price of an otherwise
At yield levels that are close to the bonds coupon rate, is the price of an option-free bond higher than the price of an otherwise identical:
A. | Callable bond? No; Putable bond? No | |
B. | Callable bond? No; Putable bond? Yes | |
C. | Callable bond? Yes; Putable bond? No | |
D. | None of the above |
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