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Question
After the call protection period, which one of the following basically serves as the upper price limit on a callable bond?A. present value of all future bond payments discounted at the current market rate of interest
B. face value of the bond
C. call price of the bond
D. current market price of the bond
E. current market price of a comparable noncallable bond
Answer
This answer is hidden. It contains 16 characters.
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