The Call Feature of a Long-Term Bond

question 13

Multiple Choice

The call feature of a long-term bond

• A)is an optional retirement provision
• B)states the call price
• C)allows the issuer to replace a high coupon bond with one with a lower coupon bond
• D)all these are correct

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Definitions:

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining.

Physical Exercise

Activities that require physical effort undertaken to sustain or improve health and fitness.

Endorphins

naturally occurring chemicals in the body that interact with the brain's receptors to reduce pain perception and boost feelings of pleasure or euphoria.

Creative Ideas

Novel and original concepts or approaches that offer solutions to problems or new ways of doing things.