Use the following information to answer Questions 10 and 11.
Consider $1,000,000 par value, 10-year, 6.5% coupon bonds issued on January 1, 2005. The bonds are callable and there is a sinking fund
Use the following information to answer Questions 10 and 11.
Consider $1,000,000 par value, 10-year, 6.5% coupon bonds issued on January 1, 2005. The bonds are callable and there is a sinking fund
A、An investor would benefit from having his bonds called under the provision of the sinking fund.
B、An investor will receive a premium if the bond is redeemed prior to maturity under the provision of the sinking fund.
C、The bonds do not have an accelerated sinking fund provision.