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liljay liljay
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4 years ago
Which of the following statements is FALSE regarding a call provision?

▸ A call feature allows the issuer of the bond the right (but not the obligation) to retire all outstanding bonds on (or after) a specific date (the call date), for the call price.

▸ The call price is generally set at or below, and expressed as a percentage of, the bond's face value.

▸ A call provision allows the issuer to repurchase the bonds at a predetermined price.

▸ The issuer can repurchase a fraction of the outstanding bonds in the market or it can make a tender offer for the entire issue.
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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Kailz1218Kailz1218
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4 years ago
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