The Benefit of the Extendible Feature of a Bond Is

question 69

Multiple Choice

The benefit of the extendible feature of a bond is that

• A)it allows the issuer to extend the callable period when interest rates rise.
• B)it allows the investor to continue receiving a higher interest rate for a longer period.
• C)it allows the issuer the option to extend the bond during lower interest rate periods.
• D)it allows the investor the option of extending the period before the bond will become callable.

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