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Describe in detail with an example why some companies issue callable bonds? Describe in detail with an example why some companies issue a puttable bond?

Describe in detail with an example why some companies issue callable bonds?

Describe in detail with an example why some companies issue a puttable bond?

Describe in detail with an example how callable bonds are priced in the capital market?

Explain briefly with the help of an example how puttable bonds are priced in capital market?

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