If bonds payable are not callable, the issuing corporation
A) cannot repurchase them before maturity
B) can repurchase them in the open market
C) must get special permission from the SEC to repurchase them
D) is more likely to repurchase them if the interest rates increase

Question

Quizplus · Accepted Answer

If bonds are not callable, the issuing corporation cannot force the bondholders to sell the bonds back before maturity, but it can still repurchase them in the open market if bondholders are willing to sell.

If Bonds Payable Are Not Callable, the Issuing Corporation