When a Corporation Has a Right to Redeem Bonds in Advance

question 171

Multiple Choice

When a corporation has a right to redeem bonds in advance of the maturity date,the bond is considered a:

• A)Convertible bond.
• B)Callable bond.
• C)Junk bond.
• D)Debenture bond.

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Definitions:

Lynching

A form of violence in which a mob, without legal authority, kills someone, often by hanging, for an alleged offense with or without a legal trial.

American Federation

An umbrella organization for U.S. unions, representing overall labor interests.

Labor

The effort by individuals to produce goods or provide services in exchange for wages or other forms of compensation.

Black Workers

Individuals of African descent in the labor force, historically facing discrimination and unequal opportunities in various economies.