A Putable Bond Can Be Redeemed at Par Value at the Holder's

question 110

True/False

A putable bond can be redeemed at par value at the holder's option.Usually,the put option can be exercised only if the issuer takes some specific action,such as significantly increasing debt.

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Definitions:

ASVAB

The Armed Services Vocational Aptitude Battery, a test used by the U.S. military to determine qualification for enlistment and job placement.

Power Tests

Tests designed to measure the limit of a person's ability or the highest level of skill, knowledge, or capability that an individual can perform without time pressure.

Composite Scores

Aggregate scores calculated by combining the scores from multiple assessments or tests to provide a single overall score.

Holland Codes

A theory of careers and vocational choice based upon personality types, formulated by psychologist John L. Holland; often used for career counseling.