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JSmith1 JSmith1
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9 months ago
When a firm refunds a debt issue, the firm’s shareholders gain and its bondholders lose. This points out the risk of a call provision to bondholders and explains why a noncallable bond will typically command a higher price than an otherwise similar callable bond.


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Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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mouallemjmouallemj
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9 months ago
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JSmith1 Author
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9 months ago
Thanks for your help!!
amandamraz
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You make an excellent tutor!
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This site is awesome
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