For Callable Bonds, Yield to Call Is the Annual Yield

question 53

True/False

For callable bonds, yield to call is the annual yield earned by an investor assuming the bond is called at its latest opportunity.

---

Definitions:

Comminuted

A crushed bone fracture with many fragments.

Fracture Line

A physical break or crack indication on a bone or hard surface, typically resulting from trauma or stress.

Bone Fragments

Small pieces of bone, often the result of fractures, that are separated from the main bone.

Embolus

A circulating mass in a blood vessel; foreign material that obstructs a blood vessel.