A Bond That Is Callable Has a Chance of Being

question 79

True/False

A bond that is callable has a chance of being retired earlier than its stated term to maturity.Therefore, if the yield curve is upward sloping, an outstanding callable bond should have a lower yield to maturity than an otherwise identical noncallable bond.

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Definitions:

Neurotransmitter

A neurotransmitter is a chemical messenger that transmits signals across a chemical synapse, from one neuron to another target neuron, muscle cell, or gland cell.

Eccentric Contraction

A type of muscle activation that increases tension on a muscle as it lengthens, commonly occurring during the lowering phase of a movement.

Muscle Tension

The condition in which muscles of the body remain semi-contracted for an extended period.

Contraction

The tightening of a muscle in response to a stimulus, which results in movement or tension.