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Irby Automotive plans to issue $400.000 in $1.000 par value 10-year bonds with a contractual interest rate of 6.5 percent. Even if the capital raised

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Irby Automotive plans to issue $400.000 in $1.000 par value 10-year bonds with a contractual interest rate of 6.5 percent. Even if the capital raised from these bonds helps expand the company, Irby feels that they may not be able to redeem all of the bonds on the maturity date. What would you suggest they do? Issue mortgage bonds. Issue callable bonds Issue debenture bonds Issue convertible bonds

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