- UID
- 223193
- 帖子
- 189
- 主题
- 179
- 注册时间
- 2011-7-11
- 最后登录
- 2016-12-26
|
On the Schweser note, " Call feature give the issuer the opportunity to replace higher-than-market coupon bonds withe lower-coupon isuues."
Since the issuers have to pay higher coupons, I couldn't figure what's the advantage for them do so? Could someone help to answer this? |
|