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Basic Question 13 of 18

A callable bond allows the issuer to call the bond once a year starting from year six until the bond maturity date. The call option is most likely ______.

A. an American option
B. a European option
C. a Bermuda option
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User Contributed Comments 2

User Comment
maryprz14 ONCE A YEAR... if you don't see this you will go for A
My mistake by the way :/
Inaganti6 Same
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

contrast cash flow contingency provisions that benefit issuers and investors

CFA® 2024 Level I Curriculum, Volume 4, Module 2.