When a Bond Is Called, the Old Issue Is Retired

question 3

Multiple Choice

When a bond is called, the old issue is retired and the bondholder receives ____.

• A) new, lower interest rate bonds
• B) new corporate stock
• C) a cash payoff
• D) treasury stock

---

Definitions:

Bipolar Continuum

A concept used to understand and categorize emotional or psychological conditions that range between two extreme poles.

Validity Scales

Tools used within psychological and educational assessments to determine the accuracy and truthfulness of the test-taker's responses.

Millon

Refers to Theodore Millon, a psychologist known for his work on personality disorders and the development of various psychological assessments.

Clinical Personality Pattern Scales

Psychological tools used to assess and categorize different personality patterns for clinical purposes.