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Check my answer for correctness please. Three bonds are identical in credit quality and all other respects except the following: Bond X: Option-free. Bond Y:

Check my answer for correctness please.

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Three bonds are identical in credit quality and all other respects except the following: Bond X: Option-free. Bond Y: Callable. Bond Z: Putable. The correct order for these three bonds, from highest yield to lowest yield, is: Bond Y; Bond X; Bond Z. Bond X; Bond Z; Bond Y. Bond Y; Bond Z; Bond X. Cannot be determined. In an Underwritten Offerings with Firm Commitment, who take on the ownership risk? A. The underwriter. B. The issuer. C. None of the above. D. Both A and B are correct. Which of the following statements about the call feature of a bond is most accurate? Callable Bonds: A. Offers lower yield to the Investors. B. Offers the option that bondholders can request an earlier repayment of the principal amount prior to maturity. C. Offers the option that the issuer can redeem the bond prior to maturity. D. A and Care correct. Pension funds and insurance companies are interested in private placements because these institutional investors: A. Have short investment horizon. B. Have high liquidity need. C. Want higher yield. D. Aan B are correct

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