EBK FINANCIAL MARKETS AND INSTITUTIONS
EBK FINANCIAL MARKETS AND INSTITUTIONS
7th Edition
ISBN: 9781260166101
Author: SAUNDERS
Publisher: YUZU
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Chapter 6, Problem 15Q
Summary Introduction

To determine: The meaning of a sinking fund provision on a bond issue.

Sinking fund is a kind of savings done by company for a specific purpose and company deposits money with an aim to repay or settle debt or replace or acquire an asset in future.

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