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Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946

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BuyFindarrow_forward

Foundations of Business - Standalo...

4th Edition
William M. Pride + 2 others
ISBN: 9781285193946
Textbook Problem

Describe the three methods used to ensure that funds are available to redeem corporate bonds at maturity.

Summary Introduction

To determine: The three methods used to guarantee that funds are accessible to exchange corporate bonds at maturity.

Introduction: Corporate bonds are prominent among investors, commonly offering lower risk and greater revenue than shares. A corporate bond is issued by an organization to fund-raise to support or extend its business.

Explanation

The three methods used to guarantee that funds are accessible to exchange corporate bonds at maturity are as follows:

  • The bonds can be issued as serial bonds and bonds of a solitary issue that mature on various dates...

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