To ease the cash flow drain of redeeming its bonds all at​ once, a firm can issue​ _______, which mature at various times.

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


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Marketing Chapter 18

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