Road Hazards has 12-year bonds outstanding. The interest payments on these bonds are sent directly to each of the individual bondholders. These direct payments are a clear indication that the bonds can accurately be defined as being issued:

Question

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Bonds issued in registered form have their ownership recorded with the issuer, and interest payments are made directly to the registered owners. This is in contrast to bonds issued in street form, where interest payments are made to a financial intermediary who then distributes them to individual bondholders. Debentures are unsecured bonds, while callable bonds give the issuer the option to redeem the bonds before maturity. The fact that interest payments are made directly to bondholders does not provide any indication of whether the bonds were issued at par.

Road Hazards Has 12-Year Bonds Outstanding