What does the put provision for a bond entitle the bondholder to do?
What will be an ideal response?
An issue with a put provision included in the indenture entitles the bondholder, if they choose, to sell the issue back to the issuer at par value on designated dates. The advantage to the bondholder is related to the possibility that if interest rates rise after the issue date (thereby reducing a bond's price) the bondholder can force the issuer to redeem the bond at par value.
You might also like to view...
Creditors are those who lend money to others or deliver goods and services before being paid
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Companies can easily persuade people to buy products even if they are not ethically and socially responsible. 2. Potential customers do not expect organizations to be ethical and socially responsible, as an integral part of customer service. 3. Successful implementation of CPFR has an impact on the fixed costs. 4. Expected revenues are an input to the forecast process.
After being assigned a research? project, you know your first task is to develop a problem statement. You need to do all of the following EXCEPT? ______________.
Fill in the blank(s) with the appropriate word(s).
The government agency which stipulated AIDS could not be transmitted through casual contact was the ________
Fill in the blanks with correct word