If a bond is putable what type of option does the investor


If a bond is putable, what type of option does the investor in this bond have? Suppose a bond has a market price of $90 and has five years remaining to maturity. If the bond is priced to yield 5%, is its coupon rate greater than, less than, or equal to 5%? Explain your reasoning.

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Finance Basics: If a bond is putable what type of option does the investor
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