Callable bonds may be paid off at the company's option.The bondholder does not have the choice to refuse but must surrender the bond for retirement.

Name: Callable bonds may be paid off at the company's option.The bondholder does not have the choice to refuse but must surrender the bond for retirement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Callable bonds give the company the option to pay off the bonds before maturity. Bondholders do not have the choice to refuse but must surrender the bond for retirement if called by the company.

Callable Bonds May Be Paid Off at the Company's Option