Question
Other things held constant, if a bond indenture contains a call provision, the yield to maturity that would exist without such a call provision will
Other things held constant, if a bond indenture contains a call provision, the yield to maturity that would exist without such a call provision will generally be _________________ the YTM with it.
a. higher than
b. lower than
c. the same as
d. either higher or lower, depending on the level of call premium, than
- unrelated to
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Finance Applications And Theory
Authors: Marcia Cornett, Troy Adair, John Nofsinger
1st Edition
0073382256, 9780073382258
