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Basic Question 0 of 10
A putable bond tends to trade at ______ yields of comparable straight bonds.
B. the same
C. higher
A. lower
B. the same
C. higher
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Learning Outcome Statements
explain the relationships between the values of a callable or putable bond, the underlying option-free (straight) bond, and the embedded option;
describe how the arbitrage-free framework can be used to value a bond with embedded options;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.