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JSmith1 JSmith1
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8 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.


▸ true

▸ false
Textbook 
 Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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mouallemjmouallemj
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8 months ago
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