Question: True or false 1 . Bonds issued on the basis of the general credit of the corporation are called secure bonds _ _ _ _
True or falseBonds issued on the basis of the general credit of the corporation are called secure bondsWhen the total amount of a bond issue matures at a certain date, the bonds are called serial bondsWhen the total amount of a bond issue matures at a certain date, the bonds are called term bondsBondholder claims for interest and repayment rank behind the claims of stockholdersWhen corporation issues bonds, it executes a contract with the bondholder know as a bond indentureWhen corporation issues bonds, it executes a contract with the bondholder know as a bond debentureThe concept of present value is that the amount of cash to be received at some date in the future is the equivalent of the same amount of cash held at an earlier dateThe concept of present value is that the amount of cash to be received at some date in the future is not equivalent of the same amount of cash held at an earlier dateIf the market rate of interest is and a corporations bond bear interest at the bonds will sell at a discount
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