Which of the following terms describes the status of a bond in circumstances where its issuer has failed to make a required interest payment? 4 O a) In Dissolution. Ob) In Default. O c) In Bankruptcy. O d) Cumulative.

Which of the following terms describes the status of a bond in circumstances where its issuer has failed to make a required interest payment? a) In Dissolution. b) In Default. c) In Bankruptcy. d) Cumulative