Which of the following would describe a callable bond?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Which of the following would describe a callable bond?
Oa. Borrower has the right to issue more bonds prior to due date of existing bonds.
Ob. Borrower has the right to call off the interest payments on the bonds.
Oc. Investor has the right to call off the interest payments on the bonds.
C.
d. Borrower has the right to pay off the bonds prior to due date.
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