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FRM Financial Risk Manager Practice Test

Category - Bond

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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

A callable bond allows the issuer to retire the bond before it matures.

Key Takeaway: 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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