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Issuers are MOST likely to call their outstanding fixed income securities: A during periods of high levels of deflation when stock prices have reached a

Issuers are MOST likely to call their outstanding fixed income securities:

A

during periods of high levels of deflation when stock prices have reached a trough

B

during periods of high levels of deflation when stock prices have reached a peak

C

during periods of high levels of inflation when stock prices have reached a trough

D

during periods of high levels of inflation when stock prices have reached a peak

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