Which of the following describes the characteristics of a convertible bond?

A.	Bonds mature at specified intervals throughout the life of the total issuance.
B.	Bonds may be exchanged for stock at the discretion of the issuer.
C.	Bonds mature on a specified date in the future.
D.	Bonds may be exchanged for stock at the discretion of the bondholder.

Callable bonds may be:

A.	called for early retirement at the option of the bondholder.
B.	called for early retirement at the option of the issuer.
C.	converted to common stock at the option of the bondholder.
D.	converted to common stock at the option of the issuer.

Bonds payable are usually classified on the balance sheet as:

A.	long-term liabilities.
B.	current liabilities.
C.	investments and funds.
D.	other assets.

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Issuing bonds payable when the market interest rate is less than the stated interest rate:

A.	raises the effective interest rate above the stated rate of interest.
B.	results in bonds being issued at less than their face value.
C.	results in bonds being issued at a premium.
D.	B and C.