Some bonds mature in installments.If a bond issue contains this feature,the bonds are known as:
A)secured bonds.
B)convertible bonds.
C)callable bonds.
D)serial bonds.

Name: Some bonds mature in installments.If a bond issue contains this feature,the bonds are known as: A)secured bonds. B)convertible bonds. C)callable bonds. D)serial bonds.
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Question

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Serial bonds have a specific feature whereby they mature in a series of installments.

Some Bonds Mature in Installments