Why An Early Call Needn't Disturb Your SleepJoan Warner
Many investors who depend on the double-digit interest from bonds they bought 5 to 10 years ago got a nasty shock recently when issuers called the bonds before maturity to refinance their debt at lower rates. Now, chastened yield-seekers know they should study the fine print in every bond prospectus for call provisions that can cut their income.
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