Quiz Ch 06 – Identifying the Type of Bond Jeff Found Based on Maturity and Redemption
Essentials of Corporate Finance
Ross, Westerfield, and Jordan
10th Edition
Jeff discovered an old bond certificate on the street, which happened to be a 50-year bond reaching maturity on that day. When he presented the bond to his local bank, he received payment for both the principal and final interest. Based on this information, what type of bond did Jeff find?