Which of the following additional bond features does not primarily benefit the bond issuer?

Question

Quizplus · Accepted Answer

A callable bond and a sinking fund provision primarily benefit the bond issuer by allowing them to refinance debt or retire debt early under favorable conditions. A purchase fund provision, however, does not primarily benefit the issuer as it is typically designed to benefit the bondholder by providing a mechanism for the bond to be bought back before maturity under certain conditions, potentially at a premium.

Which of the Following Additional Bond Features Does Not Primarily