A bond that can be redeemed for cash at the bondholder's option is called a(n):

Question

Quizplus · Accepted Answer

A putable bond can be redeemed for cash at the option of the bondholder. The other options listed have different features - a convertible bond can be converted into shares of stock, a callable bond can be redeemed by the issuer prior to maturity, a debenture is a type of bond that is unsecured by collateral, and an income bond pays interest only if the issuer has sufficient earnings.

A Bond That Can Be Redeemed for Cash at the Bondholder's