Solved

Match Each of the Following Terms with the Appropriate Situation

Question 306

Matching

Match each of the following terms with the appropriate situation below.

Premises:
Tom's Wear issued bonds that mature in 2015.
Tom's Wear issued bonds that can be recalled and redeemed by Toms' Wear beginning in 2011.
Tom's Wear issued bonds that can be converted into Tom's Wear stock.
Tom's Wear issued bonds that mature in 2011,2010,2011,and 2012.
Responses:
callable bonds
convertible bonds
serial bonds
term bonds

Correct Answer:

Tom's Wear issued bonds that mature in 2015.
Tom's Wear issued bonds that can be recalled and redeemed by Toms' Wear beginning in 2011.
Tom's Wear issued bonds that can be converted into Tom's Wear stock.
Tom's Wear issued bonds that mature in 2011,2010,2011,and 2012.
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