A Callable Bond

question 37

Multiple Choice

A callable bond:

• A)is generally call protected during the entire term of the bond issue.
• B)generally will have a call protection period during the final three years prior to maturity.
• C)may be structured to pay bondholders the current value of the bond on the date of call.
• D)is prohibited from having a sinking fund also.
• E)is frequently called at a price that is less than par value.

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Definitions:

Troponin

A protein complex involved in muscle contraction; found in cardiac and skeletal muscles, its levels in the blood are used as a diagnostic indicator for heart attacks.

Sarcomere Distance

The length between two Z lines in a muscle fiber, defining the fundamental unit of muscle contraction.

Muscle Twitch

Single contraction of a muscle fiber; typically lasts only a fraction of a second.

Contraction Period

The phase during muscle activity where the muscle fibers shorten, generating force.