QUESTION 28 Nicora Corporation has a callable bond outstanding. The bond is not callable until next year. What market development over the coming year would increase the likelihood that the bond will be called once the company can exercise its call rights next year? A. The Federal Reserve of the United States raises interest rates by 0.50%. B. The credit rating of the corporation decreases from AA to A. C Market interest rates drop sharply. D. Inflation increases dramatically. E. None of the above