Coupon bonds are defined as

Question 28 options:

a)	bonds that are secured by stocks and bonds owned by the borrowing corporation.

b)	bonds that may be exchanged at the option of the bondholder for other securities of the corporation.

c)	bonds that are not recorded in the name of the owner, and title passes with the delivery of the bond.

d)	bonds that are issued by governmental units including state, county, and local entities.