Mike purchased an ABC Co. bond that gives him the right to sell the bond to ABC Co. at a stated price. Mike bought a ______ bond.

Name: Mike purchased an ABC Co. bond that gives him the right to sell the bond to ABC Co. at a stated price. Mike bought a ______ bond.
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Question

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A put bond gives the bondholder the right to force the issuer to buy back the bond at a stated price before maturity. This is what is described in the scenario.

Mike Purchased an ABC Co