Why are most corporate bonds callable? Who benefits from this feature, and what is the cost of

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Why are most corporate bonds callable? Who benefits from this feature, and what is the cost of adopting a call provision in a public bond issue?

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Introduction to Corporate Finance What Companies Do

ISBN: 978-1111222284

3rd edition

Authors: John Graham, Scott Smart

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Question Posted: Mar 26, 2015 06:47 AM

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Why are most corporate bonds callable? Who benefits from this feature, and what is the cost of

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A call feature allows a corporation to recall its bonds before their maturity and reissue them i...View the full answer

Introduction to Corporate Finance What Companies Do

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