To ease the cash flow drain of redeeming its bonds all at once, a firm can issue _______, which mature at various times.
A. mortgage bonds
B. serial bonds
C. convertible bonds
D. debentures
E. secured bonds
Answer: B. serial bonds
Marketing MCQ
A. mortgage bonds
B. serial bonds
C. convertible bonds
D. debentures
E. secured bonds
Answer: B. serial bonds