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

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Definitions:

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places open to the general public.

Epileptic Seizure

A brief episode of signs or symptoms due to abnormal excessive or synchronous neuronal activity in the brain, associated with epilepsy.

Disparate Treatment

An illegal employment practice where an employee is treated differently or less favorably because of characteristics such as race, gender, age, religion, or nationality.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.