When a Callable Bond Sells at a Premium,the Likelihood of a Call

question 94

Multiple Choice

When a callable bond sells at a premium,the likelihood of a call is ________ and the yield to worst is the yield to ________.

• A)high,call
• B)low,call
• C)low,maturity
• D)high,maturity
• E)high,par

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Definitions:

Petty Offense

A minor crime that is less serious than a misdemeanor, often punishable by a fine or a short term of imprisonment.

Misdemeanor

A category of criminal offense that is less serious than a felony and typically punishable by fines, probation, or short-term imprisonment.

Disturbing the Peace

An act that disrupts public order or tranquility, often addressed by legal statutes.

Grand Larceny

Grand Larceny is a crime involving the theft of property or money exceeding a value defined by law, considered a serious felony.