A Callable Bond with the Call Price Set Equal to the Present

question 57

Multiple Choice

A callable bond with the call price set equal to the present value of the bond's remaining payments is a:

• A)convertible bond.
• B)straight bond.
• C)par call.
• D)Yankee call.
• E)Canada call.

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Definitions:

Compensation Rates

The amount of pay or benefits that an employee receives from their employer for their work.

Internal Equity

The practice of ensuring that employees are compensated fairly in relation to one another within the same organization.

External Equity

The fairness of an employee's compensation as compared to what others in the external job market are receiving for similar work.