Incobar Steel is a large manufacturer of steel.The company decides to issue bonds to raise money to expand its operations.The final maturity term of the bonds is three years,but a portion of the outstanding bonds matures once in every six months.The bonds are backed only by the corporation's promise to pay.The bonds that Incobar Steel is issuing are best referred to as ________ bonds.

Question

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A)To ease the cash flow burden of redeeming its bonds all at once, a company can issue serial bonds, which mature at various times, as opposed to term bonds, which mature all at the same time.
B)To ease the cash flow burden of redeeming its bonds all at once, a company can issue serial bonds, which mature at various times, as opposed to term bonds, which mature all at the same time.
C)To ease the cash flow burden of redeeming its bonds all at once, a company can issue serial bonds, which mature at various times, as opposed to term bonds, which mature all at the same time.
D)To ease the cash flow burden of redeeming its bonds all at once, a company can issue serial bonds, which mature at various times, as opposed to term bonds, which mature all at the same time.
E)To ease the cash flow burden of redeeming its bonds all at once, a company can issue serial bonds, which mature at various times, as opposed to term bonds, which mature all at the same time.

Incobar Steel Is a Large Manufacturer of Steel