Question
A bond contract feature that allows the issuer to redeem bonds under specified terms prior to maturity is called a: O Deferred call O Debenture
A bond contract feature that allows the issuer to redeem bonds under specified terms prior to maturity is called a:
O Deferred call
O Debenture
O Protective covenant
O Call provision
O Sinking fund provision
When are issuers more likely to call an outstanding bond issue?
O When interest rates are lower than they were when the bonds were issued
O When interest rates are higher than they were when the bonds were issued
A bond contract feature that requires the issuer to retire a specified portion of the bond issue each year is called a:
O Debenture
O Protective covenant
O Sinking fund provision
O Call provision
O Deferred call
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Handbook Of Alternative Assets
Authors: Mark J. P. Anson
2nd Edition
047198020X, 978-0471980209
