1)Which one of these definitions is correct? Premium bond: bond that sells for less than face...
1)Which one of these definitions is correct?
-
Premium bond: bond that sells for less than face value
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Unfunded debt: long-term corporate debt
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Dirty price: market price, excluding accrued interest
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Negative covenant: a "thou shalt" agreement
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Call provision: issuer's right to repurchase a bond prior to maturity
2)
A convertible bond can be exchanged for
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a newly issued bond if it carries a higher coupon rate.
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any other outstanding bond.
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shares of company stock.
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a new bond if the current bond’s rating falls to low-grade.
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cash equal to par value at any time.
Homework Answers
1) The correct definition is:
e) Call provision: issuer's right to repurchase a bond prior to maturity
2) The correct statement is:
c) shares of company stock.
Add Answer to:
1)Which one of these definitions is correct?
Premium bond: bond that sells for less than face...
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