Series 53: 5.5.6.1. Make Whole Call

Taken from our Series 53 Online Guide

5.5.6.1. Make Whole Call

In a make whole callable bond, the issuer must provide the bondholder with a lump sum payment that includes not just the principal but also the net present value (NPV) of all future coupon payments that the bondholder would have received if not f

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