A ___________ bond is a bond where the bondholder has the right to cash in the bond before maturity at a specified price after a specific date.

Question

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A put bond is a bond where the bondholder has the right to cash in the bond before maturity at a specified price after a specific date. Callable bonds can be redeemed by the issuer before maturity, coupon bonds pay a fixed interest rate, and Treasury bonds are issued by the US government.

A ___________ Bond Is a Bond Where the Bondholder Has