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You have a choice between two 10-year bonds, one callable and one not.Which, if any, would normally have a higher coupon?Why is this?
You have a choice between two 10-year bonds, one callable and one not.Which, if any, would normally have a higher coupon?Why is this?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
