CorpoNeeds is an e-commerce company that sells office supplies.In an attempt to raise long-term funds,the company decides to issue bonds to lenders.These bonds do not have fixed interest payments,and the rate of interest changes depending on economic conditions.The bonds issued by CorpoNeeds are examples of:
A) floating-rate bonds.
B) junk bonds.
C) secured bonds.
D) serial bonds.
E) debenture bonds.
Correct Answer:
Verified
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