The Call Policy That Maximizes Shareholder Wealth Is to Call

question 100

Multiple Choice

The call policy that maximizes shareholder wealth is to call a bond issue when

• A)the bond's price is above par.
• B)the bond's price is above par but below the call price.
• C)the bond's price exceeds the call premium.
• D)the bond's price equals or exceeds the call price.

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