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CFA 4 A) Explain the impact on the offering yield of adding a call feature to a proposed bond issue. B) Explain the impact on

CFA 4

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

B) Explain the impact on the bond's expected life of adding a call feature to a proposed bond issue.

C) Describe one advantage and one disadvantage of including callable bonds in a portfolio. (LO 10-4)

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