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betterway betterway
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7 years ago
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.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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UlainUlain
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7 years ago
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betterway Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
einstein
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You make an excellent tutor!
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Thanks for your help!!
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