Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 1MC
Related questions
Question
Define Puttable bond.
Expert Solution
Step 1
Puttable bond:
A puttable bond is a kind of bond that offers the right to the bond holder, but not obligation, to compel the issuer to redeem the bond prior its date of maturity.
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