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Reading 25 question 27

Why is contingent claim risk a concern if the bonds held are all non-callable?  
Thanks

been discussed a million times before. It is “a statement” in general. Read it in that context again.
Choo says “a, b, c issues exist. Agree/disagree”.
He is not saying
a, b, c are problems with my current situation, agree/disagree.

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