Asked by Hardi Patel on Apr 29, 2024
Verified
Provide an appropriate definition of retractable bond.
Retractable Bond
Bond that may be sold back to the issuer at a prespecified price before maturity.
- Outline and interpret different bond terms and notions, including the coupon rate, yield to maturity, call protection, and indenture.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
Bond that may be sold back to the issuer at a pre-specified price before maturity.
Learning Objectives
- Outline and interpret different bond terms and notions, including the coupon rate, yield to maturity, call protection, and indenture.