Capital appreciation bonds (CAB) are unique because a) the principal and interest accrued are both paid off
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Question:
Capital appreciation bonds (CAB) are unique because
a) the principal and interest accrued are both paid off in one lump sum when the bond reaches maturity.
b) they can only be issued for terms longer than 25 years.
c) they must conform to "the 75-cent test."
d) they can only be utilized by county governments.
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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