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Compared to a plain vanilla bond with no embedded options, investors will require rate of return to hold a convertible bond, and rate of return

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Compared to a plain vanilla bond with no embedded options, investors will require rate of return to hold a convertible bond, and rate of return to hold a callable bond. (Assuming all bonds are issued by the same company, with the same coupon rate and maturity.) O lower, higher O lower, lower O higher, higher higher, lower

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