LYONs are bonds that are
A)callable and puttable.
B)callable, puttable, and convertible.
C)callable, puttable, convertible, and zero-coupon.
D)puttable, convertible, and zero-coupon.

Name: LYONs are bonds that are A)callable and puttable. B)callable, puttable, and convertible. C)callable, puttable, convertible, and zero-coupon. D)puttable, convertible, and zero-coupon.
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Question

Quizplus · Accepted Answer

LYONs (Liquid Yield Option Notes) are zero-coupon bonds that are callable, puttable, and convertible.

LYONs Are Bonds That Are