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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Definitions:

Disability

A condition, either mental or physical, that restricts an individual's activities, movements, or sensory perceptions.

Americans With Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or disability.

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