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Callable Bonds
A type of bond that can be redeemed by the issuer before its maturity date at a predetermined price.
Call Price
The price at which a bond or a preferred stock can be redeemed by the issuer before its maturity date.
Interest Rates
The price of borrowing money, expressed as a percentage of the amount borrowed, set by lenders as compensation for the risk and the opportunity cost of lending.
Floating-rate Bonds
Bonds with a variable interest rate that adjusts periodically in accordance with a benchmark interest rate or index.
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