The Call Feature of a Long-Term Bond _______

question 101

Multiple Choice

The call feature of a long-term bond _______.

• A) is an optional retirement provision
• B) states the call price
• C) allows the issuer to replace a high coupon bond with a lower coupon bond
• D) All of these are correct

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, which can own property, enter into contracts, sue and be sued.

Document-Creation Skills

The ability to create written documents effectively and efficiently, often involving the use of computer applications and understanding of formatting and content organization.

Legal Research

The process of identifying and retrieving information necessary to support legal decision-making, including statutes, case law, and legal precedents.

Scheduling

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