The Party That Has the Right to Exercise a Call

question 173

Multiple Choice

The party that has the right to exercise a call option on callable bonds is:

• A)The bondholder.
• B)The bond issuer.
• C)The bond indenture.
• D)The bond trustee.
• E)The bond underwriter.

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Definitions:

Negligence

A medical professional’s failure to perform an essential action or performance of an improper action that directly results in the harm of a patient.

Breach of Contract

A legal term describing a violation of the terms of a contract without lawful excuse, which may result in legal consequences.

Direct Cause

An immediate factor or event that directly leads to an outcome or effect.

Respondeat Superior

A legal doctrine holding that an employer is responsible for the actions of employees performed within the course of their employment.