- UID
- 223219
- 帖子
- 149
- 主题
- 135
- 注册时间
- 2011-7-11
- 最后登录
- 2013-9-29
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I understand that when interest rate falls, the bondholder may be forced to return the bond and reinvest at a lower rate.
Can someone answer why the issuer would do so; what advantage does he or she have by calling it back? |
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