To ensure that it has sufficient funds available to redeem a bond issue,a corporation may issue ________ bonds.
A)debenture
B)mortgage
C)high-yield
D)subordinate
E)serial

Question

Quizplus · Accepted Answer

Serial bonds are issued to ensure a corporation has sufficient funds available to redeem a bond issue because they mature at different intervals, providing a structured repayment schedule that can help in managing the redemption funds more effectively.

To Ensure That It Has Sufficient Funds Available to Redeem