The Call Feature of a Long-Term Bond

question 58

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 one with a lower coupon bond
• D) all the above are correct

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Definitions:

Boundary

A line or natural feature that marks the limits or borders of a property, territory, or jurisdiction.

Ejectment

The common law name given to the lawsuit brought by a landlord to have a tenant evicted from the premises.

Unlawful Detainer

A legal proceeding that provides landlords with a quick method of evicting a tenant. Also called summary process, summary ejectment, forcible entry and detainer, and dispossessory warrant proceedings.

Common Area

A space within a building or property that is available for use by all tenants or occupants, such as lobbies, hallways, and shared facilities.