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Define the Straight fixed-rate bond
Straight fixed-rate bond issues comprise a designated maturity date at which the principal of the bond issue is guaranteed to be repaid. Throughout the life of the bond, fixed coupon payments that are few percentage rate of the face value are paid as interest to the bondholders. This is the main international bond type. Straight fixed-rate Eurobonds are commonly bearer bonds and pay coupon interest yearly.
Components of a Callable Bond A callable bond can be thought of as the sale of a call option by the investor to the issuer as it allows the issuer to repurchase the bond from t
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