Callable bonds can be exchanged for a fixed number of shares of the issuing corporation's common stock.

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Carter Colquitt · Accepted Answer

Final Answer : False, Explanation :  Callable bonds are bonds that can be redeemed by the issuer before their maturity date at a predetermined price, but they do not have the feature of being exchanged for a fixed number of shares of the issuing corporation's common stock. Convertible bonds, not callable bonds, have this feature.

Callable bonds can be exchanged for a fixed number of shares of the issuing corporation's common stock.

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