Which One of the Following Is a Unique Characteristic of an Income

question 93

Multiple Choice

Which one of the following is a unique characteristic of an income bond?

• A) Interest income is tax-free
• B) Interest income is paid at the time of issuance
• C) Coupon payments are dependent upon the issuer's income
• D) Coupon payments are paid on a regular monthly basis
• E) Coupon payments can be converted into equity shares

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