Question
Investors buying callable bonds require the higher yields because call provisions work to the benefit of the borrower and the detriment of the investor. True
Investors buying callable bonds require the higher yields because call provisions work to the benefit of the borrower and the detriment of the investor.
True or False?
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Foundations Of Financial Markets And Institutions
Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi
3rd Edition
0130180793, 978-0130180797
