The former offers the issuer the option to redeem the bonds at an earlier date,and in this case,the investor is usually paid a pre-mium over the par value to compensate for the inconvenience.

 
  • 前者让发行机构有权在到期日前赎回债券,在这种情形下,为了补偿持有人的不便,他取回的金额通常会高过本金的数目。
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