115.Why does interest expense decrease during the life of an installment note payable? How is the amount of interest expense computed? 116.Discuss the advantages of establishing a line of credit. ...

115.Why does interest expense decrease during the life of an installment note payable? How is the amount of interest expense computed?

116.Discuss the advantages of establishing a line of credit.

117.How are interest rates normally set for lines of credit?

118.Name some of the restrictive covenants often included in bond indentures.

119.Discuss the purpose of a sinking fund.

120.Explain the special feature that makes callable bonds attractive to an issuing corporation.

121.Why would some bonds be classified as "secured bonds"? Provide an example of a common type of secured bond.