The call feature of bonds is useful if a company wants to retire a bond issue.

Name: The call feature of bonds is useful if a company wants to retire a bond issue.
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The call feature allows the issuer to retire a bond before its maturity date. This can be useful if interest rates have fallen since the bond was issued, as the issuer can refinance at a lower rate. It can also be used for other reasons, such as simplifying the issuer's capital structure.

The Call Feature of Bonds Is Useful If a Company