A Puttable Provision in a Bond Allows the

question 49

Multiple Choice

A puttable provision in a bond allows the

• A)issuer to call the bond at par on the coupon payment date.
• B)holder to redeem the bond at par before maturity.
• C)issuer to extend the maturity of the bond.
• D)holder to extend the maturity of the bond.

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Definitions:

Unauthorized

Lacking official permission or approval for actions or access.

Paycheck

A check issued by an employer to pay an employee for services rendered.

Embezzlement

The act of dishonestly withholding or appropriating assets, usually money, entrusted to one's care for personal use.

Daily Cash Flow

A financial report showing the net amount of cash that is received or dispersed by a business within a given day.