Bonds are issued with a call feature when the issuers expect interest rates to rise.

Name: Bonds are issued with a call feature when the issuers expect interest rates to rise.
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Bonds are issued with a call feature when the issuers expect interest rates to fall. This allows them to refinance the debt at a lower interest rate in the future, saving the issuer money on interest payments.

Bonds Are Issued with a Call Feature When the Issuers