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If the bond has extendable maturity rates, then bond has a longer investment tenor investor would not have a definite schedule of principal repayment investor

If the bond has extendable maturity rates, then

  1. bond has a longer investment tenor
  2. investor would not have a definite schedule of principal repayment
  3. investor can request the principal repayment prior to maturity
  4. bond will not pay out coupon

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