Generally speaking, the market price of a callable security will not rise significantly above its call price.

Name: Generally speaking, the market price of a callable security will not rise significantly above its call price.
Brand: Quizplus
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Quizplus · Accepted Answer

This is because if the market price significantly exceeds the call price, the issuer is likely to call (redeem) the security to refinance at a lower cost, limiting the security's price appreciation potential.

Generally Speaking, the Market Price of a Callable Security Will