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Retractable bonds

• Bonds that give the bondholder the option to sell the bond back to the issuing company at par ($1,000) either on a specific date, and every 1 to 5 years thereafter, or if the firm is acquired, acquires another company, or issues a large amount of additional debt. Usually carries a lower yield than non-retractable debt of the same quality.

 
 

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 Bond
Debt
Firm
Option
Par
Sell
Yield
 
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