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Short Answer (4 points) 1. When would a company be able to issue its bonds at a premium? Be clear! 2. What does it

Short Answer (4 points) 1. When would a company be able to issue its bonds at a premium? Be clear! 2. What does it mean if a bond is callable? (i.e., it has a call feature). Be clear. 3. What type of account is a sinking fund? What is a sinking fund used for?

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