An alternative to calling the bonds is to purchase any available bonds in the open market at their current market price.

Question

Quizplus · Accepted Answer

This is a valid alternative to calling the bonds. Instead of calling the bonds, the issuer can try to locate and purchase any available bonds on the open market at their current market price. This could be more cost-effective than calling the bonds if the market price is lower than the call price. However, finding available bonds on the open market can be challenging, especially if the issue is illiquid or has a small outstanding balance.

An Alternative to Calling the Bonds Is to Purchase Any