The decision to refund a callable bond
A. should be made only if interest rates have increased.
B. is a net working capital decision.
C. is a capital budgeting decision.
D. is a financing decision.
Answer:C
The decision to refund a callable bond
A. should be made only if interest rates have increased. B. is a net working capital decision. C. is a capital budgeting decision. D. is a financing decision.