Which of the following types of bonds may the buyer sell back before maturity?

Question

Quizplus · Accepted Answer

Putable bonds give the buyer the option to sell the bond back to the issuer before maturity, which makes them more flexible than other types of bonds. Callable bonds can be redeemed by the issuer before maturity, which is not advantageous for the buyer. Convertible bonds give the buyer the option to convert the bond into stock, but they cannot be sold back before maturity. Zero-coupon bonds do not pay periodic interest and are redeemed at face value at maturity, so they cannot be sold back before maturity either.

Which of the Following Types of Bonds May the Buyer