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.

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Definitions:

Two Raters

A method involving two independent evaluators assessing the same performance or work to improve the objectivity and reliability of the evaluation.

Reliability And Accuracy

The consistency and correctness of a test's or measurement's outcomes over repeated applications.

Observation

The action or process of closely monitoring or noting the behavior or characteristics of individuals or phenomena.