Question: A sinking fund Multiple Choice is managed by a trustee. ensures all bonds are repaid prior to the original maturity date. is used solely to

A sinking fund

Multiple Choice

is managed by a trustee.

ensures all bonds are repaid prior to the original maturity date.

is used solely to retain funds until a bond issue matures.

is established during a bankruptcy proceeding to repay secured debts.

is a claim on assets not otherwise pledged as security.

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