The call-option value of a callable bond is likely to be high when:

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answerhappygod
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The call-option value of a callable bond is likely to be high when:

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The call-option value of a callable bond is likely to be high when:

A. Interest rates are volatile
B. Interest rates are low and expected to remain low
C. Interest rate are high and expected to remain high
D. Markets are inefficient
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