Question: A sinking fund is managed by a trustee for which one of the following purposes? 1. Reducing bond coupon rates. 2.Converting bonds into equity securities.

A sinking fund is managed by a trustee for which one of the following purposes?

1.

Reducing bond coupon rates.
2.Converting bonds into equity securities.

3.

Early bond redemption.

4.

Paying preferred dividends.

5.

Paying bond interest payments.

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