A Callable Bond

question 260

Multiple Choice

A callable bond:

• A) Can generally be called at any time after the date of issue.
• B) Is generally redeemed at a discount.
• C) Is most apt to be called when market interest rates rise.
• D) Is another name for a zero-coupon bond.
• E) Generally has a deferred call period.

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Definitions:

Market Share

The portion of a market controlled by a particular company or product, typically expressed as a percentage of total sales in that market.

Employee Welfare

The range of services and benefits provided by an employer to promote the well-being of employees.

Social Responsibility

The ethical framework suggesting that individuals and organizations have an obligation to act for the benefit of society at large.

Quality

How well a product or service fulfills or surpasses what customers anticipate.