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URL:  http://boards.fool.com/hi-bill-there-is-no-call-date-it-is-continuously-30584671.aspx

Subject:  Re: Question on callable bonds Date:  3/11/2013  3:27 PM
Author:  mikeinmadrid Number:  34822 of 35363

Hi Bill,

There is no call date, it is continuously callable. This is what I see on Finra & on Fidelity. There is no call price specified so I assume it is at par; some bonds have a call price specified but many I see don't. It seems quite common, but I don't understand why such a bond would trade at a 19% premium when it can be called any day. Why would anyone take that risk?
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