UNDERSTANDING BUSINESS LL W/CONNECT
UNDERSTANDING BUSINESS LL W/CONNECT
12th Edition
ISBN: 9781264759927
Author: Nickels
Publisher: MCG
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Chapter 19, Problem 3CT
Summary Introduction

To think critically about: The reason why companies like callable bonds and investors are not fond of it.

Introduction: Callable bonds are those bonds which can be redeemed by the issuer prior to its maturity date. The company wants to refinance the debt at lower rates if the interest rates have declined.

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