Exercise 9-2 Match bond terms with their definitions (LO2) Select the bond term

Question

Exercise 9-2 Match bond terms with their definitions (LO2)

Select the bond term for the each definitions.

Exercise 9-2 Match bond terms with their definitions (LO2) Select the bond term for the each definitions. Allows the issuer to pay off the bonds early at a fixed price. Matures in installments. Secured only by the "full faith and credit" of the issuing corporation. Bond issue costs Allows the investor to transfer each bond into shares of common stock. Callable bond Money set aside to pay debts as they come due. Convertible bond Matures on a single date. Secured bond Supported by specific assets pledged as collateral by the issuer. Serial bond Includes underwriting, legal, accounting, registration, and printing fees. Sinking fund Term bond Unsecured bond

Explanation / Answer

Definitions   Terms Allows the issuer to pay off the bonds earlier at a fixed price Callable Bonds Matures in Instalments Serial Bonds Secured only by the full faith and crediit Unsecured Bond Allows the invester to transfer eah bond into shares of Common Stock Convertible Bond Money set aside to pay debts as they come due Sinking Fund Matures on a single date Term Bonds Supported by specific assets Secured Bonds Includes Underwriting, legal, accounting, registration and printing fees Bond Issue costs

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