The benefit of the extendable feature of a bond is that
A) it extends more credit, which means the investor has to put up money for additional bonds.
B) it allows the investor to continue receiving a higher interest rate for a longer period.
C) it provides the issuer with an option to extend the bond during lower interest rate periods.
D) it allows the investor a means of redeeming the bond before maturity.
Correct Answer:
Verified
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