Explain the meaning of a sinking fund provision on a bond issue.

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:34 AM

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Explain the meaning of a sinking fund provision on a bond issue.

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A sinking fund provision which is a requirement that the issuer retire a certain amount o...View the full answer

Financial Markets and Institutions

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