Callable bonds are a type of bond that the issuer can “call” or redeem before the maturity date. The specifics vary from bond to bond, but callable bonds always have one thing in common — the issuer ...

For well over a decade, the institutional municipal market has been dominated by high 5% bonds callable at 100 in year 10. The premium market price corresponding to the artificially high coupon ...

For example, to analyze a refunding proposal, we need to determine the cost of the outstanding and the refunding bonds on a present-value basis. Earlier this year, I showed that tax-exempt and taxable ...

Callable bonds are a type of bond that the issuer can “call” or redeem before the maturity date. The specifics vary from bond to bond, but callable bonds always have one thing in common — the issuer ...