Redemption option which protects investors against rise in interest rate is considered as
A
redeemable at deferred
B
redeemable at par
C
redeemable at refund
D
redeemable at finding
Correct Answer: redeemable at par
Redemption option which protects investors against rise in interest rate is considered as redeemable at par. Redemption Option means the option that each holder of Parent Common Stock has to require the Parent to redeem or convert his, her or its ownership of Parent Common Stock prior to the Closing in accordance with the governing documents of Parent.