Definition of optional bond:
°The potential for making additional choices which are available only after an initial choice.
°The value of additional optional investment opportunities available only after having made an initial investment.
"The short-term payoff for this is modest, but the optionality value is enormous."
Definition of optional bond:
°The potential for making additional choices which are available only after an initial choice.
°The value of additional optional investment opportunities available only after having made an initial investment.
"The short-term payoff for this is modest, but the optionality value is enormous."