A bond that can be retired prior to maturity by the issuer is a ____________ bond.
A)convertible
B)secured
C)unsecured
D)callable
E)Yankee

Name: A bond that can be retired prior to maturity by the issuer is a ____________ bond. A)convertible B)secured C)unsecured D)callable E)Yankee
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

A callable bond is a bond that can be retired prior to maturity by the issuer with a call option. Callable bonds typically offer a higher yield to compensate investors for the risk of early redemption.

A Bond That Can Be Retired Prior to Maturity by the Issuer