Asked by
Jaspinder Singh
on Nov 18, 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 give the issuer the right to redeem them before their maturity date at a pre-specified price.
Bond Indenture
The underlying contract between the company issuing bonds and the bondholders.
- Acquire knowledge about the theories and financial repercussions of callable and noncallable bonds.
Verified Answer
MS
Learning Objectives
- Acquire knowledge about the theories and financial repercussions of callable and noncallable bonds.