The Benefit of the Extendable Feature of a Bond Is

question 128

Multiple Choice

The benefit of the extendable feature of a bond is that

• A)it extends more credit, which means the investor has to put up money for additional bonds.
• B)it allows the investor to continue receiving a higher interest rate for a longer period.
• C)it provides the issuer with an option to extend the bond during lower interest rate periods.
• D)it allows the investor a means of redeeming the bond before maturity.

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