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Fundamentals of Financial Manageme...

14th Edition
Eugene F. Brigham + 1 other
ISBN: 9781285867977

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BuyFindarrow_forward

Fundamentals of Financial Manageme...

14th Edition
Eugene F. Brigham + 1 other
ISBN: 9781285867977
Textbook Problem

Why is a call provision advantageous to a bond issuer? When would the issuer be likely to initiate a refunding call?

Summary Introduction

To identify: The advantage of call provision to a bond issuer and the situation when the issuer is likely to initiate a refunding call.

Bond Valuation:

Bond valuation refers to the evaluation of bond value at any point of time, which can be used for decision making. Valuation of bond is done for comparison and analysis.

Explanation
  • Call provision is beneficial to a bond issuer, as decrease in the interest rates leads to reduced cost of finances through other sources...

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