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Issuers of Bonds Are Most Likely to Call Them in When

Question 12

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Issuers of bonds are most likely to call them in when
the prevailing rate of interest exceeds that stipulated on the bonds.
when investor confidence goes down.
the prevailing rate of interest is less than that stipulated on the bonds.
when investor confidence goes up.
when the government revises its capital gains tax law.

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the prevailing rate ...

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