Question
Which of the following features correctly describe
different types of bonds? 1. Zero Coupon Bonds do not make periodic interest payments and are issued at a discount. 2. Convertible Bonds can be converted into equity shares at the discretion of the bondholder. 3. Perpetual Bonds have no maturity date and pay interest indefinitely. 4. Floating Rate Bonds have interest rates that adjust periodically based on a benchmark rate.Solution
Each type of bond has unique features that define its behavior and investment characteristics.
Which of the following is not correct about budgeting?
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