Which of the following serial bonds has the first installment delayed for a period of more than 1 year after the date of the issue?

Question

Quizplus · Accepted Answer

Deferred serial bonds have the first installment delayed for a period of more than 1 year after the date of issue, making it the correct choice. Annuity serial bonds have regular payments of both principal and interest, regular serial bonds have level payments of principal and interest at regular intervals, and irregular serial bonds have payments that vary in amount over time.

Which of the Following Serial Bonds Has the First Installment