Stated interest rate under ________ is adjusted periodically within stated limits in response to changes in specified money market or capital market rates.

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Stated interest rate under floating rate bonds is adjusted periodically within stated limits in response to changes in specified money market or capital market rates. Junk bonds refer to high-yield, high-risk bonds; extendible notes refer to debt securities that can be extended beyond their original maturity date with the agreement of the issuer and holder; putable bonds refer to bonds that give the bondholder the option to sell the bond back to the issuer at a predetermined price and time.

Stated Interest Rate Under ________ Is Adjusted Periodically Within Stated