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Which of the following describes a callable bond?Group of answer choicesConvertible to common stock at the option of the bondholderCan be called for early retirement at the option of the issuerConvertible to common stock at the option of the issuerCan be called for early retirement at the option of the bondholder

Question

Which of the following describes a callable bond?Group of answer choicesConvertible to common stock at the option of the bondholderCan be called for early retirement at the option of the issuerConvertible to common stock at the option of the issuerCan be called for early retirement at the option of the bondholder

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Solution

A callable bond is described as a bond that can be called for early retirement at the option of the issuer.

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