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Financial Planner

Category - Investment Planning

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A callable bond__________

Has specific names.
Allows the issuer to retire the bond before it matures.
Is designed for specific investors.
Has zero interest rates.

Explanation

Answer: B - A callable bond allows the issuer to retire the bond before it matures.
Corporate bonds are callable bonds. These bonds are issued with maturity between 20 to 50 years but the corporation can retire the bonds before they mature.

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