The following chart is for questions on callable bonds. Price Value of the Embedded Call Option PV PV PV. Non-Callable Bond Callable Bond A Curve A Curve Benchmark Yield Question: In the horizontal axis, can we drop the word "Benchmark from the axis label "Benchmark Yield? Why? The following chart is for questions on callable bonds Price Value of the Embedded Call Option PV. PV PV Non-Callable Bond Callable Bond A Curve A Curve Benchmark Yield Question: In the horizontal axis, can we drop the word "Benchmark from the axis label "Benchmark Yield"? Why