Q351
Rate of return on non-callable bonds is 890 and value of issuer option is 670 then return on callable bond is
A.
1.33%
B.
$1,560
AnswerC.
$220
D.
$1.33
Answer: Option B
Solution
Answer: Option B
Solution:
Return on callable bond = Rate of return on non-callable bonds + Value of issuer option = 670 = $1,560