How Should the Close of a Positive or Routine Message

question 109

Essay

How should the close of a positive or routine message be handled if there is follow-up action needed?

Comprehend the factors that influence the yield to maturity and expected returns on bonds.

Recognize the impact of bond features (such as call provisions, sinking funds, and convertibility) on required coupon rates.

Identify the considerations for rating agencies in assessing bond default risk.

Understand the conditions under which companies are likely to call their bonds.