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Basic Question 12 of 16
The bond issuer makes periodic payments to a trustee who retires part of the issue by purchasing the bonds in the open market. This is an example of:
B. extendible bond.
C. series bond.
A. sinking fund bond.
B. extendible bond.
C. series bond.
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe fixed-income securities with embedded options;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.