13. If a company's bonds are callable, A. the investor or buyer of the bonds...
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13. If a company's bonds are callable, A. the investor or buyer of the bonds has the right to retire the bonds. B. the issuing company is likely to retire the bonds before maturity if the bonds are paying 9% interest while the market rate of interest is 6%. C. the bonds are never allowed to remain outstanding until the maturity date. D. the investor never knows what the redemption price will be until the bonds are actually called
The answer is B, why? I need the explanations, thank you
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