21. Explain the special feature that makes callable bonds attractive to an issuing corporation. 22. Why would some bonds be classified as "secured bonds"? Provide an example of a...

21. Explain the special feature that makes callable bonds attractive to an issuing corporation.

22. Why would some bonds be classified as "secured bonds"? Provide an example of a common type of secured bond.

23. What is meant by the "spread" in banking? What does the "spread" have to do with the issuance of bonds?

24. When the stated interest rate of a bond is lower than the market interest rate, will the bond sell at a premium or at a discount?

25. What is the issue price of $100,000 in bonds that sell at 95.5?