A callable bond will typically have a ________ yield than an otherwise identical bond without a call feature because ________
A) lower, the firm loses flexibility with a callable bond
B) higher, the firm loses flexibility with a callable bond
C) lower, the option to call a bond is valuable
D) higher, the option to call a bond is valuable
Answer: D
Business
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Under UCC Article 2, terms regarding payment, delivery and price are:
a. necessary only when one of the parties is a minor b. required for the formation of a contract c. not allowed in a formal contract d. not allowed in a "casual contract" e. none of the other choices are correct
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The terms 'stochastic' and 'deterministic' have the same meaning in quantitative analysis
Indicate whether the statement is true or false
Business