Bonds that have interest coupons attached to their certificates, which the bondholders present to a bank or broker for collection, are called:
A) Serial bonds.
B) Coupon bonds.
C) Registered bonds.
D) Callable bonds.
E) Convertible bonds.

Question

Quizplus · Accepted Answer

Coupon bonds have interest coupons attached to them, which bondholders can present to a bank or broker for collection. Serial bonds have a portion maturing at regular intervals, registered bonds have the owner's information registered with the issuer, callable bonds can be redeemed by the issuer prior to maturity, and convertible bonds can be exchanged for a specified number of shares of stock.

Bonds That Have Interest Coupons Attached to Their Certificates, Which