Serial bonds require payment of the full principal amount of the bond at a single maturity date.

Name: Serial bonds require payment of the full principal amount of the bond at a single maturity date.
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Question

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The statement is incorrect. Serial bonds require payments in installments over a series of years, with each installment paying off a portion of the principal until the full amount is paid off by the final maturity date.

Serial Bonds Require Payment of the Full Principal Amount of the Bond