Many Bonds Have Different Call Prices: a Higher Price for Calling

question 29

True/False

Many bonds have different call prices: a higher price for calling the bonds to meet sinking-fund requirements and a lower price if the bonds are called for any other reason.

---

Definitions:

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of cyclical unemployment.

Unemployment

The situation where individuals who are capable of working and actively seeking employment are unable to find a job.

Labor Force

The total number of people employed and those actively seeking employment in an economy.

Discouraged Workers

Individuals who are not actively seeking employment because they believe no jobs are available for them or there are no opportunities for which they qualify.