Question $3(2\mathrm{.}5$ points$)$

$3.$ Sinking funds are provisions included in bond indentures that require companies to basis prior to their final maturity. Many indentures allow the company to acquire bone either $(1)$ purchasing bonds on the open market at the going market price or $(2)$ select lottery administered by the trustee, in which case the price paid is the bond's face valu

True

False

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