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CFA Level 1
Fixed Income

Impact of Bond Features on Investor Attractiveness

Medium Fixed Income Securities Bond Features

Consider a corporate bond that has a par value of $1,000, a coupon rate of 6%, and matures in 10 years. The bond pays interest annually and has certain features that may affect its valuation and appeal to investors.

Which of the following bond features is likely to make this bond less attractive to investors compared to similar bonds without this feature?

Hint

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