What are benefits to company from including a call provision, Financial Management

What are benefits to company from including a call provision

Problem

A company is contemplating a long-term bond issue. It is debating whether or not to include a call provision. What are the benefits to the company from including a call provision and what are the costs of it? How do these answers change for a put provision?

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Financial Management: What are benefits to company from including a call provision

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Financial Management: What are benefits to company from including a call provision

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