What does the put provision for a bond entitle the bondholder to do?
What will be an ideal response?
An issue with a put provision included in the indenture entitles the bondholder, if they choose, to sell the issue back to the issuer at par value on designated dates. The advantage to the bondholder is related to the possibility that if interest rates rise after the issue date (thereby reducing a bond's price) the bondholder can force the issuer to redeem the bond at par value.
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The J. Godfrey, Capital account has a credit balance of $17,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and withdrawals are $9,000, what is the ending balance in the J. Godfrey, Capital account after all closing entries are made?
a. $ 8,000. b. $15,400. c. $23,400. d. $17,000. e. $32,400.
Everyday information about pertinent developments in the environment to an organization is gathered through the internal report system
Indicate whether the statement is true or false