Question: What is the difference between the following? a) The indenture and the trustee b) The coupon rate and the current rate of interest c) Debentures

What is the difference between the following?
a) The indenture and the trustee
b) The rate and the current rate of interest
c) and secured bonds
d) A sinking fund and a call feature
e) Mortgage bonds and equipment trust certificates
f) Serial bonds and term bonds
g) Zero and bonds
h) High-yield and investment-grade bonds

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a The indenture is the legal document that specifies the terms of the bond eg maturity date sinking fund call penalty and other constraints specific i... View full answer

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