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Listed below are some provisions that are often contained in bond indentures: 1. Fixed assets may be used as security.
2) The bond may be subordinated to other classes of debt.
3) The bond may be made convertible.
4) The bond may have a sinking fund.
5) The bond may have a call provision.
6) The bond may have restrictive covenants in its indenture.
Which of the above provisions, each viewed alone, would tend to reduce the yield to maturity investors would otherwise require on a newly issued bond?
Work Sharing
A program that allows employees to reduce working hours during economic downturns as an alternative to layoffs, with the aim of spreading a reduced amount of work over the same or a larger number of employees.
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A policy implemented by organizations to temporarily halt the recruitment of new employees.
Human Resource Planning
The strategic process employed by organizations to ensure the right number of people with the right skills are available to meet current and future business needs.
Performance Evaluation
The systematic process of assessing and documenting an employee's work performance and providing feedback.
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