Which of the following is an accurate description of each kind of bond?
a. Serial Bond. this type of bond require large amounts to be accumulated in a sinking fund to pay off the balance at the date of maturity
b. Callable Bond. this kind of bond requires all payments for interest and principal to be paid only to the registered owners.
c. Registered Bond. this kind of bond is distinguishable by its refundable feature, which allows bonds to be reissued at a more favorable rate of interest
d. Straight-Term Bond. this type of bond matures at the end of the bonding period, and although they have been important and useful in financing capital outlays in years past, their history has been one of mismanagement and poor planning
D
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