________ are bonds that have a short maturity, typically one to five years, and which can be redeemed or renewed for a similar period at the option of their holders.

Question

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Extendible notes are bonds that have a short maturity but can be renewed or redeemed at the option of their holders for a similar period, typically one to five years. Floating rate bonds have variable interest rates, putable bonds can be redeemed by the holder at a fixed price, and junk bonds have below-investment-grade credit ratings.

________ Are Bonds That Have a Short Maturity, Typically One