Redemption option which protects investors against rise in interest rate is considered as________?
ARedeemable at refund
BRedeemable at deferred
CRedeemable at par
DRedeemable at finding
Correct answer
C. Redeemable at par
Explanation
Redeemable at par is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.