A bond that can be redeemed for cash at the bondholder's option when certain circumstances exist is called a(n):

Name: A bond that can be redeemed for cash at the bondholder's option when certain circumstances exist is called a(n):
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Question

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A putable bond gives the bondholder the right to redeem the bond for cash at their option when certain circumstances occur. This is different from a callable bond, which gives the issuer the right to redeem the bond at their option.

A Bond That Can Be Redeemed for Cash at the Bondholder's