The call-option value of a callable bond is likely to be high when
| A. | interest rates are volatile. |
| B. | interest rates are low and expected to remain low. |
| C. | interest rate are high and expected to remain high. |
| D. | markets are inefficient. |
Answer : A Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |
