If a company's bonds are callable:
A) The bondholder has the right to sell an option on the bond
B) The issuing company is likely to retire the bonds before maturity if the bonds are paying 8% interest while the market rate of interest if 4%
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
Answer: B
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