An alternative to calling the bonds is to purchase them in the open market at their current market price.

Name: An alternative to calling the bonds is to purchase them in the open market at their current market price.
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Question

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It is possible for a bond issuer to purchase their own bonds in the open market at their current market price instead of calling them. This can be a cost-effective option for the issuer if the market price of the bonds is lower than the call price.

An Alternative to Calling the Bonds Is to Purchase Them