Newcastle Coal Co. (NCC) recently offered a bond issue in which the bonds can be surrendered prior to maturity in exchange for cash if the company undertakes certain specified actions or if specified events occur. This is an example of what type of bond?

Jackson County wants to renovate a local municipal park. The county commissioners think that the renovations will help attract more people to its facilities (including an aquatic center and tennis courts). There are fees attached to using these facilities, and the commission is confident that the additional revenue will more than justify these improvements. The county wants to issue bonds to pay for the renovations, and the bondholders will be paid from the cash flow generated by the park. This is an example of what type of bond?

Last year, Newcastle Coal Co. (NCC) sold an issue of bonds that are secured by the firms real property and real estate. Under the terms of the issues indenture, however, in the event of default, bondholders will not receive any proceeds of the sale of the underlying collateral until the companys first (or senior) bondholders are paid. What type of bonds did Newcastle Coal Co. (NCC) issue last year?

Daniel and Ashley are retired and rely on their investments to generate income to live on. Naturally, they are very worried about losing purchasing power due to inflation and would really like an investment that protects their purchasing power. Which debt security would help them accomplish this goal?