Answered

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Which best describes serial bonds?

A. Backed by collateral
B. Mature in installments
C. With greater risk
D. Issued below the face amount

Sagot :

GinnyAnsweridn

Final answer:

Serial bonds are issued with multiple maturity dates rather than all at once, allowing the issuer to pay off a portion of the bond debt in installments.


Explanation:

Serial bonds are bonds that mature in installments, meaning they are issued with a series of maturity dates rather than all at once. They are not backed by collateral and do not necessarily have greater risk. Serial bonds allow the issuer to pay off a portion of the bond debt over time.


Learn more about Serial bonds here:

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