Select a type of bond feature, and consider why it is important, as well as whether it adds value to either the investor or the issuer. Also, review the concept of yield-to-maturity and its importance to valuing a bond.

1. Describe the bond feature you selected in detail.

1. Explain how the feature is used to determine bond value, including the importance of yield-to-maturity.

1. be sure to reference at least one properly cited scholarly source.