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What is the difference between a put option and a mandatory tender on a municipal bond?
Wiki User
∙ 10y ago
A put option is at the discretion of the holder(owner) of the bond to put (sell) the bond back to the issuer for redemption. A mandatory tender is at the discretion of the issuer of the bond to require that the holder sell the bond back to the issuer (usually at par).
Wiki User
∙ 10y ago
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Option Explicit makes the declaration of Variables Mandatory while Option Base used at module level to declare the default lower bound for array subscripts. For eg. Option Base 1 will make the array lower bound as 1 instead of 0. by Munendra
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