A callable bond may be redeemed by its issuer before it reaches maturity. Bonds are essentially loans from investors to companies or governments that must be paid back with interest. The issuer of ...
Chacko, George C., Peter A. Hecht, Vincent Dessain, and Monika Stachowiak. "Note on Bond Valuation and Returns." Harvard Business School Background Note 205-008, August 2004. (Revised September 2004.) ...
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