Which of the following provides the mostprotection
Which of the following provides the mostprotection to a bondholder?
A. Call protection.
B. Refunding protection.
C. Sinking fund protection.
参考解答
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2024-11-14 22:25:08
Ans:A;
A is the correct choice because call protection means the bond cannot be called from the bondholder by the issuer for any reason.
B is not correct because a bond with the refunding protection can still be called. Just that a bond with the refunding protection prohibits the call using the proceeds from a lower coupon issue.
C is not correct because it is not relevant.
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