In other words, on the call date(s), the issuer has the right, but not the obligation, to buy back the bonds from the bond holders at a defined call price.
Some of my friends don't want to hurt their dates' feelings, so they pay her compliments, like, "You're a really great girl," or " I had a terrific time with you" -- and then they tell her they don't want to go out again. Some guys prefer to pay compliments to their date, but never hint that they're not interested -- and then they never call her.The call price will usually exceed the par or issue price.In certain cases, mainly in the high-yield debt market, there can be a substantial call premium.Are they just checking to make sure you’re not […] Read the full article → Over at U. News & World Report today, I talk about 10 mistakes people often make in phone interviews, from thinking it’s not a “real” interview to not being ready to answer basic screening questions (like about salary) and more. Read the full article → A reader writes: I applied for a job at a large insurance company and was contacted to set up a phone interview.When I called the HR representative back to set up a date and time, she requested that I call her at the appointed time. After hanging up, I realized that this […] Read the full article → Please do me a favor and excel in your next phone interview by following my advice here.Follow this timetable whether you're enthusiastic about asking her out again, or have to be persuaded to ask her out again, or had second thoughts after you told her you would call.