Some bonds mature in installments. If a bond issue contains this feature, the bonds are known as:
A. serial bonds.
B. callable bonds.
C. convertible bonds.
D. secured bonds.
Answer: A
You might also like to view...
What term is used to describe the process of building on past failures by braving new encounters?
a. expanding b. challenging c. securing d. exposing
Cheaper modes of transport typically have
A) shorter lead times and smaller minimum shipment quantities. B) shorter lead times and larger minimum shipment quantities. C) longer lead times and smaller minimum shipment quantities. D) longer lead times and larger minimum shipment quantities.
McGwire Company's pension fund projects that most of its employees will take advantage of an early retirement program the company plans to offer in 5 years. Anticipating the need to fund these pensions, the firm bought zero coupon U.S. Treasury Trust Certificates maturing in 5 years. When these instruments were originally issued, they were 12% coupon, 30-year U.S. Treasury bonds. The stripped Treasuries are currently priced to yield 5.00%. Their total maturity value is $6,000,000. What is their total cost (price) to McGwire today? Do not round your intermediate calculations.
A. $4,795,180 B. $4,137,018 C. $5,594,377 D. $5,641,388 E. $4,701,157
In the context of balance sheets, retained earnings are a major component of the _____ section.
A. owners' equity B. statement of cash flows C. company's liabilities D. articles of incorporation