Should the bonds be callable? Christina Hoffman, president of Hoffman Corporation, is working with the company’s underwriter to define the terms of its upcoming bond issuance. Hoffman Corporation has...

Should the bonds be callable?

Christina Hoffman, president of Hoffman Corporation, is working with the company’s underwriter to define the terms of its upcoming bond issuance. Hoffman Corporation has decided to issue $1,000,000, 6%, 20-year bonds payable. The bonds will be issued at face value. The underwriter is encouraging Christina to offer the bonds as callable bonds instead of noncallable. What should Christina do?