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A "make whole call at 40" typically refers to a provision in a bond or loan agreement allowing the issuer or borrower to redeem the security at a specific price, in this case, 40 (usually expressed as a percentage of face value), before its maturity date. This provision is designed to compensate investors for the potential loss of interest income when the bond is called early. The term "make whole" implies that the issuer will pay an additional amount to ensure that investors receive an equivalent return they would have earned if the bond had not been called.

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AnswerBot

1w ago

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