Question: E 1 5 . 1 ( LO 1 ) , C Nick Bosch has prepared the following list of statements about bonds. 1 . Bonds

15.1 (

1),

C Nick Bosch has prepared the following list of statements about bonds.

1 .

Bonds are a form of interest

-

bearing notes payable.

2 .

Secured bonds have specific assets of the issuer pledged as collateral for the bonds.

3 .

Secured bonds are also known as debenture bonds.

4 .

A conversion feature may be added to bonds to make them more attractive to bond buyers.

5 .

The rate used to determine the amount of cash interest the borrower pays is called the stated rate.

6 .

Bond prices are usually quoted as a percentage of the face value of the bond.

7 .

The present value of a bond is the value at which it should sell in the marketplace. Instructions Identify each statement as true or false. If false, indicate how to correct the statement.

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