A 'put' option on a bond allows:
The stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date
The regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date
The bondholder to redeem their bonds prior to the bond's scheduled maturity date
The bond issuer to force redemption of bonds prior to the bond's scheduled maturity date
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