A Bond's Call Feature May Be Exercised If

question 9

Multiple Choice

A bond's call feature may be exercised if
1) the yield to maturity exceeds the current yield
2) the yield to maturity is less than the current
Yield
3) interest rates have risen
4) interest rates have fallen

• A) 1 and 3
• B) 1 and 4
• C) 2 and 3
• D) 2 and 4

---

Definitions:

Copyrighted

A legal term denoting the exclusive right granted to the creator of an original work, including the right to copy, distribute, and adapt the work.

Patenting

The process of obtaining a patent, which is an exclusive right granted for an invention, allowing the patent holder to exclude others from making, using, or selling the invention.

Industrial Design Act

Legislation governing the protection of the visual design of objects that are not purely utilitarian, ensuring creators have exclusive rights to their designs.

Registered

Officially recorded and recognized by authorities or organizations, often in a public registry.