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DEF Corporation issued a callable bond. Under what circumstances might DEF redeem the bond prior to the maturity date? When interest rates decline below the
DEF Corporation issued a callable bond. Under what circumstances might DEF redeem the bond prior to the maturity date?
When interest rates decline below the coupon rate.
When investors are no longer willing to hold the bond.
When inflation is rising.
When interest rates rise above the coupon rate.
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
