Non-Callable Bonds

question 12

Multiple Choice

Non-callable bonds:

• A) have a callability risk attached to them
• B) are less desirable than callable bonds
• C) can be called prior to maturity if holders are given a 120-day notice
• D) will have a lower yield than identical callable bonds

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Definitions:

Year-End Closing Process

The series of steps taken to close out business accounts at the end of the fiscal year, preparing the books for the next fiscal period.

Fees Earned

Income generated from providing services, regarded as a revenue for the entity performing the service.

Rent Revenue

Earnings from property that is leased to others for use.

Revenue Accounts

Accounts that track the income earned from a company's primary operations and other activities.