- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 42. Fixed-Income Securities: Defining Elements
- Subject 5. Bonds with Contingency Provisions
CFA Practice Question
Which of the following provides the most protection to a bondholder?
A. Call protection
B. Refunding protection
C. Sinking fund protection
Explanation: Call protection means that the bond cannot be called from the bondholder by the issuer for any reason.
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