A Bond Which Has a Deferred Call

question 33

Multiple Choice

A bond which has a deferred call

• A) can be retired at any time prior to maturity provided six months notice is given.
• B) cannot be retired for a specific period of time after which it can be retired at any time.
• C) can be retired at any time during the initial call period but after that time cannot be redeemed prior to maturity.
• D) does not have to be redeemed when it reaches maturity.

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Definitions:

Attitude

(a) A relatively enduring organization of beliefs, feelings, and behavioral tendencies towards socially significant objects, groups, events, or symbols. (b) A general feeling or evaluation – positive or negative – about some person, object, or issue.

Behaviour

What people actually do that can be objectively measured.

Legitimised

Made acceptable, lawful, or officially approved, often in a social, legal, or moral context.

Enshrined

Describes something that is preserved or cherished as if sacred, often in reference to principles, rights, or values embedded within legal or moral codes.