The responsibility for receiving the proper amount of interest falls on the bondholder most heavily in the case of
A) unsecured bonds
B) secured bonds
C) coupon bonds.
D) registered bonds.

Question

Quizplus · Accepted Answer

Coupon bonds require the bondholder to detach and present coupons to receive interest payments, placing the responsibility on them to ensure they receive the correct amount.

The Responsibility for Receiving the Proper Amount of Interest Falls