Question
Which one of the following increases the probability that a bond will be called? A) The call premium is relatively high. B) The bond
Which one of the following increases the probability that a bond will be called?
A) The call premium is relatively high.
B) The bond is within the call protection period.
C) The bond was issued within the past year.
D) Market interest rates decline.
E) The bond is selling at par.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
