Question: Match the terms in Column A with the descriptions provided in Column B. Item #1 has been answered as an example. 1. d Term bonds

Match the terms in Column A with the descriptions provided in Column B. Item #1 has been answered as an example.

1. d Term bonds a) bonds issued with staggered maturity dates
2. Junk bonds b bond issued at a discount with no interest paid by the bond issuer to avoid annual cash outflow for interest, but issuer pays face to investor at maturity.
3. Zero coupon bonds c) bonds that pay interest only if target profits are realized by the issuer, making interest rate relatively high due to higher risk.
4. Serial bonds d) bonds that all mature at the same time
5. Debenture bonds e) interest-bearing long-term debt supported by a contract called a bond indenture specifying maturity dates, interest rates, etc. (generally unsecured debt with general creditor status)
6. Subordinated debenture bonds f) unsecured, high risk, high interest rate bonds often used to finance acquisitions or buyouts.
7. Callable bonds g) debt that is unsecured and ranks behind general creditors
8. Redeemable bonds h) bonds that the investor may choose to convert to stock
9. Convertible bonds i) bonds with a provision allowing the issuer to buy them back at a specified price
10. Mortgage bonds j) bonds that provide extra creditor protection by placing a lien on certain assets of the issuing company
11. Income bonds k) bonds that are redeemable at a specified price at the bondholders option

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