1 - OAS on callable bond will be greater than 48 and OAS on CB will be less than 48
2 - OAS of the CV will be less than 48bps while the OAS of the putable bond will be greater
2 - OAS of all three will be the same.
I cannot understand the correct answer here!!! FREAKING NO CLUE!
I eliminated A, since the OAS for a callable bond will be less than the z-spread!!! OH GOD I HATE FIXED INCOME!