Briefly describe each of the following type of bonds: 1. Convertible bonds. 2. Callable bonds. 3. Debenture bonds. 4. Serial bonds. 5. Term bonds
1. Convertible bonds allow the bondholder to exchange a bond for a specified number of shares of common stock.
2. Callable bonds give the issuer the right to buy back and retire the bonds before maturity at a specified call price, which is usually above face value.
3. Debenture bonds are unsecured bonds that are issued on the basis of a corporations' general credit.
4. Serial bonds are bonds where the bonds of an issue mature on different dates.
5. Term bonds are when all the bonds of an issue mature at the same time.
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When you expect the receiver of your claim message to agree with your claim, you should use the direct strategy
Indicate whether the statement is true or false