When a callable bond is selling at a premium, investors should expect to earn the ________ over the time they hold the bond.

Name: When a callable bond is selling at a premium, investors should expect to earn the ________ over the time they hold the bond.
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When a callable bond is selling at a premium, investors should expect to earn the yield to call over the time they hold the bond, as the issuer is more likely to call the bond before maturity to refinance at a lower interest rate.

When a Callable Bond Is Selling at a Premium, Investors