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Question
Which of the following is/are true about callable bonds?
I. Must always be called at par
II. Will normally be called after interest rates drop
III. Can be called by either the bondholder or the bond issuer
IV. Have higher required returns than noncallable bonds
A. I and II only
B. II and IV only
C. II and III only
D. I, II, and III only
E. I, II, III, and IV are true
Answer
This answer is hidden. It contains 1 characters.
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