LYONs are bonds that are
I.callable;
II.puttable;
III.convertible;
IV.zero-coupon
A)I and II only
B)I, II, and III
C)I, II, III, and IV
D)II, III, and IV

Name: LYONs are bonds that are I.callable; II.puttable; III.convertible; IV.zero-coupon A)I and II only B)I, II, and III C)I, II, III, and IV D)II, III, and IV
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Question

Quizplus · Accepted Answer

LYONs (Liquid Yield Option Notes) are bonds that are callable, puttable, convertible, and often zero-coupon, meaning they incorporate all four characteristics: I, II, III, and IV.

LYONs Are Bonds That Are