Floating-Rate Bonds Are Bonds That Can Be Redeemed at Par

question 76

True/False

Floating-rate bonds are bonds that can be redeemed at par at the option of their holder either at specific date after the date of issue and every 1 to 5 years thereafter or when and if the firm takes specified actions such as being acquired, acquiring another company, or issuing a large amount of additional debt.

---

Definitions:

Inner Classes

Classes defined within another class, useful for encapsulating helper classes tightly bound to their parent class.

Outer Class

An outer class refers to a class that is not nested within another class. It can be contrasted with inner classes.

Public

A keyword in programming that specifies an element is accessible from any other class in the program.

Private

An access modifier in object-oriented programming that restricts visibility or access to members of a class exclusively within that class.