Which one of the following statements is false? a. Debentures are bonds that have no underlying assets
Question:
a. Debentures are bonds that have no underlying assets pledged as collateral to guarantee their payment.
b. Serial bonds mature in one single sum on a specified future date.
c. Callable bonds can be redeemed by the issuer at any time at a specified price.
d. Companies keep a record of the names and addresses of all registered bondholders and pay interest only to those whose names are on file.
Debentures
Debenture DefinitionDebentures are corporate loan instruments secured against the promise by the issuer to pay interest and principal. The holder of the debenture is promised to be paid a periodic interest and principal at the term. Companies who...
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Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
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