Question 1
Which of the following bond features is least desirable to investors?
◦ serial maturity dates
◦ a nonrefundable provision
◦ a call provision
◦ sinking fund
Question 2
Which of the following factors are included in the rating analysis of a corporate bond?
I. | the issue's indenture provisions |
II. | the liquidity position of the issuing company |
III. | the issuing company's relative debt burden |
IV. | the stability of the company's earnings |
◦ I and II only
◦ I, II and III only
◦ II, III and IV only
◦ I, II, III and IV