What is the option in a callable agency bond? What impact does the call deferment period have

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What is the option in a callable agency bond? What impact does the call deferment period have on a callable bond’s promised yield? What is the primary advantage of a discount callable bond versus one trading at par?

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Bank Management

ISBN: 978-1133494683

8th edition

Authors: Timothy W. Koch, S. Scott MacDonald

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Question Posted: Nov 03, 2015 06:03 AM

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What is the option in a callable agency bond? What impact does the call deferment period have

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A callable bond gives the issuer the right to call the bond or pay the pr...View the full answer

Bank Management

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