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Question(s) / Instruction(s):

A call provision, which allows the corporation to force an early maturity on a bond issue, usually contains all but which of the following characteristics? a. Most bonds must be outstanding at least 5 years before being called. b. After the call date, the call premium tends to decline over time. c. The provision typically calls for debt conversion into common stock. d. The corporation will pay a premium over par for the bonds.

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