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You consider two bonds (A and B) that are identical (same company, same maturity, same coupon, etc.). The only difference between the two is that
You consider two bonds (A and B) that are identical (same company, same maturity, same coupon, etc.). The only difference between the two is that Bond A is retractable. We can state that: options: The required return on Bond A is superior relative to the expected return on Bond B. The required return on Bond A is inferior relative to the expected return on Bond B. The required return on Bond A is
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