What are "serial bonds"?
A)Bonds that are seldom used in Canada.
B)Bonds that mature at regular scheduled dates.
C)Bonds that are sold at a discount.
D)Bonds that are sold at a premium.

Question

Quizplus · Accepted Answer

Serial bonds are bonds that are issued with different maturity dates, with a portion of the bonds maturing at regular intervals, such as every year or every few years. This allows the issuer to spread out the repayment of the bond principal over time, rather than having to repay the full amount at the end of the bond term. Therefore, option B, which states that serial bonds mature at regular scheduled dates, is the correct answer.

What Are "Serial Bonds