Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define Puttable bond.
Expert Solution
Step 1
Puttable bond:
A puttable bond is a kind of bond that offers the right to the bond holder, but not obligation, to compel the issuer to redeem the bond prior its date of maturity.
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