A Callable Bond with the Call Price Set Equal to the Present

question 57

Multiple Choice

A callable bond with the call price set equal to the present value of the bond's remaining payments is a:

• A)convertible bond.
• B)straight bond.
• C)par call.
• D)Yankee call.
• E)Canada call.

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Definitions:

Promissory Note

A financial instrument that contains a written promise by one party to pay another a definite sum of money either on demand or at a future specific date.

Fiduciary Duty

A duty required by law for one entity to prioritize the welfare of another while managing their finances, assets, or private data when given such responsibility.

Oppression Provision

Legal measures designed to protect minority shareholders in a company from unfair treatment by the majority.

Dissent Procedure

A formal process allowing individuals to express opposition or disagreement, typically within the context of organizational or legislative decision-making.