Multiple Choice
A bond has a make-whole call provision.Given this, you know that the:
A) bond will always sell at par.
B) call premium must equal the annual coupon payment.
C) call price is directly related to the market rate of interest.
D) call price is inversely related to the market rate of interest.
E) bond must be a zero coupon bond.
Correct Answer:
Verified
Correct Answer:
Verified
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