Which of the following is FALSE regarding bonds?
The yield to maturity is the return an investor would earn if she buys the bond at the current price and holds it to maturity, collecting all of the promised coupon payments and the par value at maturity
bond holders vote to elect members to the board of directors
a bond indenture includes all of the basic terms of a bond issue
bondholders have legal recourse if a company fails to make the promised interest payments or the par value at maturity
corporate bonds usually have a fixed coupon rate with semi-annual interest payments.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here