When a callable bond sells at a premium, the likelihood of a call is ________ and the yield to worst is the yield to ________.

Name: When a callable bond sells at a premium, the likelihood of a call is ________ and the yield to worst is the yield to ________.
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Question

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When a callable bond sells at a premium, it is more likely to be called by the issuer to refinance at lower rates, making the yield to call the yield to worst.

When a Callable Bond Sells at a Premium, the Likelihood