6. Capital market Instruments: Corporate bonds Which of the following are characteristics of corporate bonds? Check all that apply. The interest Income eamed on them is exempt from state and federal taxes The interest paid on them is tax deductible to the corporation Their maturities are normally between 10 and 30 years, however they can be issued with 50-year or even 100-year maturities Their minimum denomination is $100,000 Call provision Variable-rate bonds Bond Indenture Call premium Definition The difference between the call price and par value of a debt security when the security is retired prior to its maturity. A legally binding document specifying the rights and obligations of a bond issuing firm and Investor A provision on a bond that requires a bond issuing firm to repurchase bonds at a price higher than their par value Securities that are issued with a coupon rate that adjusts over time