13) Based on the characteristics provided below, what kind of bond is being discussed?
1.________ are a set of bonds issued at the same time but that mature at regular scheduled dates rather than all on the same date.
2.________ are bonds that never mature.
3.________ allow the holder to exchange the bond into other securities in the corporation, usually common shares.
4.________ protect investors against inflation.
14) Based on the characteristics provided below, what kind of bond is being discussed?
1.________ permit the issuing company to redeem before maturity.
2.________ are bonds backed by specific collateral such as a mortgage on real estate.
3.________ are unsecured bonds.
4.________ are bonds that do not pay interest and are sold at a discount and mature at face value.
15) What are positive and negative covenants? Give an example of a positive and negative covenant.