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Ross Lint, CFA, is searching for a corporate bond for a client to add to their portfolio. All of the bonds on offer have embedded

Ross Lint, CFA, is searching for a corporate bond for a client to add to their portfolio. All of the bonds on offer have embedded call options for the issuer. Which of the following types of bonds would most likely protect the interests of Lint's client in a rising rate environment?

a.

Deferred coupon bond
b.

Step-up coupon bond
c.

Payment-in-kind coupon bond

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