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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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