Bonds Whose Indentures Contain a Provision Which Gives the Issuing

question 104

Multiple Choice

Bonds whose indentures contain a provision which gives the issuing company the option to retire portions of the bond issue before maturity if it so desires, but the provision does not require the company to do so are called _____ bonds.

• A)callable
• B)refunded
• C)sinking fund
• D)serial
• E)convertible

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Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.

Heredity

The transmission of physical or mental traits from one generation to the next through genetics.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, encompassing both natural and built contexts.

Reinforcer

Any stimulus which strengthens or increases the probability of a specific response or behavior.