The difference between serial bonds and term bonds. Bonds are debt instruments that are used by the companies to raise finance and this instrument bears interest on maturity. The instrument has a specified or foxed maturity period and pays a specified rate of interest to the holders on the principal amount.

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Chapter 6, Problem 11Q

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To determine: The difference between serial bonds and term bonds.

Bonds are debt instruments that are used by the companies to raise finance and this instrument bears interest on maturity. The instrument has a specified or foxed maturity period and pays a specified rate of interest to the holders on the principal amount.

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