Bonds That Contain a Provision That Allows the Holders to Exchange

question 123

Multiple Choice

Bonds that contain a provision that allows the holders to exchange the bonds for other securities of the issuing corporation are called

• A)debenture bonds.
• B)secured bonds.
• C)callable bonds.
• D)convertible bonds.

---

Definitions:

Monthly Payment

The specific amount of money paid each month, typically used in the context of loans, that includes both principal and interest.

Principal

The balance, or amount of money, in an account, or amount borrowed.

Interest

The cost of borrowing money or the payment received for lending money, usually expressed as a percentage of the principal.

Credit Card Statement

An accounting of the credits and debits in the form of a monthly report sent to a credit card holder.