Câu 62: SERIES-6: Investment Company and Variable Contracts Products Representative Qualification Examination (IR)

Which of the following statements regarding callable bonds is false?

1. A. Callable bonds offer a higher yield than non-callable bonds, all else equal.
2. B. Investors in callable bonds are subject to prepayment risk.
3. C. The issuer of a callable bond is most likely to redeem the bond early when interest rates fall.
4. D. A callable bond protects the investor by allowing him to sell his bond back to the issuer and invest in another, similar-risk bond that pays a higher rate of — đáp án hiện tại