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- UID
- 223195
- 帖子
- 191
- 主题
- 148
- 注册时间
- 2011-7-11
- 最后登录
- 2013-8-23
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| Agree with florinpop, the bond issuer of a callable bond, has to issue the bond at a discount, hence higher yield to the holder than a similar ncb to compensate the callable bondholder for risk of the bond being called. As long as rates are below a certain threshold (i.e. call price), the bondholder is happy earning the higher yield. |
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发表于 2013-4-17 17:10
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