Issuing companies prefer having the option of retiring their debt whenever they wish. Therefore they include call features in their bonds.
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Q120: Bonds represent a debt relationship between and
Q121: The longer the time to maturity, the
Q122: The yield differential between high- and low-quality
Q123: Bond ratings measure the maturity risk associated
Q124: When a call protection provision is written
Q126: The call premium is also known as
Q127: Restrictive covenants increase risk to the bondholder.
Q128: Holding all other variables constant, as market
Q129: Investors are given the option accepting calls
Q130: Call penalties and call premiums are essentially
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