A noncallable bond would be expected to have a higher yield to maturity than a comparable callable bond.

Name: A noncallable bond would be expected to have a higher yield to maturity than a comparable callable bond.
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A noncallable bond typically has a lower yield to maturity than a comparable callable bond because it does not have the risk of being called away by the issuer, which is a risk that investors demand compensation for in the form of higher yields on callable bonds.

A Noncallable Bond Would Be Expected to Have a Higher