If you had to create an unusual bond and describe its features, what would it be? Why would you think this is a great bond for investors?© BrainMass Inc. brainmass.com March 4, 2021, 6:23 pm ad1c9bdddf
Option tender bonds for convenience, referred to as issue with put options give holders the right to sell back their bonds to the issuers, normally at par.
These issues are aimed ...
This solution explains the utility of option tender bonds.