When a Bondholder Is Granted the Right to Force the Issuer

question 251

Multiple Choice

When a bondholder is granted the right to force the issuer to repay the bond prior to maturity, the bond:

• A) Is an income bond.
• B) Is a convertible bond.
• C) Contains a call provision.
• D) Contains a put provision.
• E) Contains a zero-out provision.

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Definitions:

Median

The value located at the midpoint of an arranged dataset, in order from smallest to largest or reverse, is known as the median.

Mean

The average of a set of numbers, calculated by summing them together and then dividing by the number of values.

Rounding Rules

Guidelines or conventions for approximating a numerical value to a desired level of precision, often to simplify calculations or presentation.