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Explain the following features of a corporate bond What is a sinking fund provision in bond issues, how does it affect the bondholders? What is

Explain the following features of a corporate bond

  1. What is a sinking fund provision in bond issues, how does it affect the bondholders?
  2. What is the difference between noncallable and nonrefundable provision in bonds, which provision is beneficial to bondholders?

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