Under which bond provision is the issuer required to retire portions of the bond issue prior to maturity?
A) call feature
B) refunding provision
C) subordination clause
D) sinking fund feature
Answer: D
You might also like to view...
Discuss the benefits of using reward and incentive systems as a means of strategic control.
What will be an ideal response?
Implicit cursors are declared and manipulated in the PL/SQL block code for handling a set of rows returned by a SELECT statement.
Answer the following statement true (T) or false (F)
What strategies are employed to enhance and modify existing ideas in order to create better alternatives and new possibilities?
a. development strategies b. interpersonal strategies c. relationship-seeking strategies d. habit-breaking strategies
Arvo Corporation is trying to choose between three alternative investments. The three securities that the company is considering are as follows: ? Tax-free municipal bonds with a return of 8.80%.? Wooli Corporation bonds with a return of 11.75%.? CFI Corp. preferred stock with a return of 9.80%.? The company's tax rate is 35.00%. What is the after-tax return on the best investment alternative? Assume a 70.00% dividend exclusion for tax on dividends. (Round your final answer to 3 decimal places.)
A. 8.800% B. 8.624% C. 9.064% D. 8.448% E. 9.504%