Fixed Income - Embedded OptionsAn analyst evaluates a callable bond using an option-adjusted spread (OAS). If the OAS is higher than the OAS of a comparable option-free bond, this most likely indicates the callable bond is:

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Fixed Income - Embedded Options<br>An analyst evaluates a callable bond using an option-adjusted spread (OAS). If the OAS is higher than the OAS of a comparable option-free bond, this most likely indicates the callable bond is: