Callable Bonds Which of the following describes a bond with a call feature?a. It

Callable Bonds Which of the following describes a bond with a call feature?a. It is attractive because the immediate receipt of principal plus premium produces a high return.b. It is more likely to be called when interest rates are high because the interest savings will be greater.c. It would usually have a higher yield than a similar noncallable bond.d. It generally has a higher credit rating than a similar noncallable bond.Callable Bonds Which of the following is not a component of call risk for a bond investor?a. The cash flow pattern for the bond is not known with certainty.b. When the issuer calls a bond the investor is exposed to reinvestment risk.c. The value of a callable bond drops when expected interest rate volatility decreases.d. The capital appreciation potential of a callable bond is lower than a no callable bond.