With a make whole call provision:
a. the firm to pay a call price that is sufficient to provide bondholders an ex post return equal to the return they would have received on a noncallable Treasury bond with the same original maturity as the called bond.
b. the firm must retire either the entire (or whole) bond issue or none of the bonds.
c. bondholders are allowed to redeem their bonds at par value.
d. the firm has the option to restore bondholders' wealth by issuing new bonds, that would sell at par value, in exchange for the original bonds.
A
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Current assets are usually listed in order
a. of the due date b. of the size c. alphabetically d. of liquidity
Which of the following is NOT a public relations activity?
A) speech writing B) advice and counsel to management C) creative strategy D) sponsorships E) investor relations
One potential advantage of financing corporations through the use of bonds rather than common stock is
A) the interest on bonds must be paid when due B) the corporation must pay the bonds at maturity C) the interest expense is deductible for tax purposes by the corporation D) a higher earnings per share is guaranteed for existing common shareholders
Employers may not legally require that persons who apply for a given job have a high school diploma or pass an intelligence test unless such criteria are directly related to proper performance of the job
Indicate whether the statement is true or false