Some Bonds Mature in Installments

question 32

Multiple Choice

Some bonds mature in installments. If a bond issue contains this feature, they are known as:

• A) secured bonds.
• B) loan covenant bonds.
• C) callable bonds.
• D) serial bonds.

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Definitions:

Target Corporation

A large retail corporation based in the United States, known for its wide range of consumer goods, including clothing, electronics, and household items.

Proxies

Written authorizations allowing one person to act on behalf of another, particularly in the context of voting at a shareholder meeting.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, making them owners of a part of the company.

Articles of Incorporation

Legal documents filed with a government body to legally document the creation of a corporation, outlining key aspects and regulations of the corporate structure.