A call provision for the redemption of bonds:?
A. ?requires an advance payment of future interest to the bondholders.
B. ?allows the firm to refinance debt.
C. ?allows the firm to call the bonds for redemption after one year of maturity.
D. ?requires the redemption of the bonds at their market price.
E. ?requires bondholders to convert their bonds into lower coupon rate bonds.
Answer: B
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