If a bond issue is callable, the call price generally is: less than par value. variable based on the market rate of interest. equal to
If a bond issue is callable, the call price generally is:
less than par value.
variable based on the market rate of interest.
equal to par value.
constant over the life of the debt.
set so it decreases as the bond approaches maturity.
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Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
