If a Bond Is Callable and If Interest Rates in the Economy

question 6

True/False

If a bond is callable and if interest rates in the economy decline, then the company can sell a new issue of low-interest-rate bonds and use the proceeds to "call" the old bonds in and have effectively refinanced at a lower rate.

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Total Of 3-7 Characters

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ICD-9-CM

International Classification of Diseases, Ninth Revision, Clinical Modification; a medical classification list for coding diseases, symptoms, and procedures.

ICD-10-CM

International Classification of Diseases, Tenth Revision, Clinical Modification; a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures.

Always At Least 3 Characters

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