What are Put and Call Option in NCD?

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In a call option NCD, the power of redeeming the NCD resides with issuers as they can withdraw anytime before maturity As these NCD favours the issuers, it offers a higher rate of returns to the investors.

In a put option NCD, the power of redeeming anytime is in favor of investors. This NCD offers a lower rate of returns than the NCD with a call option.

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