Asked by
Francis CuLaLa
on Nov 13, 2024
Verified
Callable bonds are redeemable by the issuing corporation within the period of time and at the price stated in the bond indenture.
Callable Bonds
Bonds that can be redeemed by the issuer prior to their maturity date at a specified call price.
Redeemable
Refers to an item or financial instrument that can be converted into cash or another financial instrument.
Bond Indenture
The contract between a corporation issuing bonds and the bondholders.
- Gain insight into the definitions and implications tied to convertible and callable bonds.
Verified Answer
KR
Learning Objectives
- Gain insight into the definitions and implications tied to convertible and callable bonds.
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