
Bonds
Bonds are a kind of interest bearing notes payable, usually issued by companies, universities and governmental organizations. It is a debt instrument used for the purpose of raising fund of the corporations or governmental agencies. If selling price of the bond is equal to its face value, it is called as par on bond. If selling price of the bond is lesser than the face value, it is known as discount on bond. If selling price of the bond is greater than the face value, it is known as premium on bond.
Convertible bond
Convertible bonds are a kind of bonds that can be easily converted into common stock at the option of the issuance of the bond.
Callable Bond
Callable bonds are a kind of bonds that allows the issuing company to re call or redeem at a par
To Identify: The statement is true or false.

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Chapter 9 Solutions
FINANCIAL ACCOUNTING W/WILEY+ >IP<
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