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Other things equal, which of the following provisions will increase the yield to maturity at which a firm can issue a bond? The borrower has
Other things equal, which of the following provisions will increase the yield to maturity at which a firm can issue a bond?
The borrower has the option to repay the loan before maturity | ||
The bond is convertible into shares | ||
The lender has the option to sell the bond back to the issuer at a fixed price before maturity |
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