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Callable bonds generally: Multiple Choice grant the bondholder the option to call the bond any time after the deferment period. are callable at par as soon as the call-protection period ends. are called when market interest rates increase. are called within the first three years after issuance. have a sinking fund provision.

Respuesta :

Answer:

are called when market interest rates increase

Explanation:

Bond is a debt instrument

a callable bond gives the issuer of the bond the right but not the obligation to call the bond when certain situations occur e.g. when interest rate increases.

types of callable bonds

American style - callable anytime

European style - callable at only specific times

Bermudian style

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