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18 November, 13:14

Which of the following definitions describes a term bond?

Multiple Choice

a. Matures on a single date.

b. Secured only by the "full faith and credit" of the issuing corporation.

c. Matures in installments.

d. Supported by specific assets pledged as collateral by the issuer.

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Answers (1)
  1. 18 November, 13:21
    0
    a. Matures on a single date.

    Explanation:

    Term bond Matures on single date.
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