A _____ bond requires periodic payments of interest plus a portion of the principal throughout the life of the bond.
A)convertible
B)callable
C)zero coupon
D)serial
E)debenture

Question

Quizplus · Accepted Answer

A serial bond requires periodic payments of interest plus a portion of the principal throughout the life of the bond. This type of bond is structured so that portions of the principal come due at specific intervals, usually annually or semi-annually, until the entire principal amount is repaid.

A _____ Bond Requires Periodic Payments of Interest Plus a Portion