When the corporation issuing the bonds has the right to repurchase the bonds prior to the maturity date for a specific price, the bonds are
A) convertible bonds
B) unsecured bonds
C) debenture bonds
D) callable bonds

Question

Quizplus · Accepted Answer

Callable bonds gives the corporation the right to repurchase the bonds prior to the maturity date for a specific price.

When the Corporation Issuing the Bonds Has the Right to Repurchase