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betterway betterway
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A call feature in a bond allows the issuer the opportunity to repurchase bonds at a stated price prior to maturity, and this option has a greater chance of being exercised (to the benefit of the bondholder) if market interest rates have fallen since the bond was issued.
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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UlainUlain
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