If an issuer wanted to protect against a drop in interest rates,the issuer of a bond would probably include which feature?

Question

Quizplus · Accepted Answer

Callable bonds allow the issuer to repurchase the bond before its maturity date, typically at a premium above the bond's face value. This feature is beneficial for the issuer during periods of falling interest rates because it can refinance its debt at a lower cost by calling in existing bonds and reissuing new ones at the lower rates.

If an Issuer Wanted to Protect Against a Drop in Interest