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When would it make sense for a firm to call a bond issue and refinance? A.when the market price of the bond exceeds the call
- When would it make sense for a firm to call a bond issue and refinance?A.when the market price of the bond exceeds the call price, and market interest rates are less than the bond's coupon rate
- B.when the market price of the bond is less than the call price, and market interest rates are greater than the bond's coupon rate
- C.when the market price of the bond equals the call price, and market interest rates are equal to the bond's coupon rate
- D.when the market price of the bond is less than the call price, and market interest rates are less than the bond's coupon rate
- E.when the market price of the bond exceeds the call price, and market interest rates are greater than the bond's coupon rate
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Case Studies in Finance Managing for Corporate Value Creation
Authors: Robert F. Bruner, Kenneth Eades, Michael Schill
7th edition
007786171X, 77861711, 978-0077861711
