Match each of the following items with the appropriate situation below
a. secured bonds
b. unsecured bonds
c. term bonds
d. serial bonds
______ 1. Team Shirts sells bonds backed by the value of its printing machines.
______ 2. Team Shirts issued bonds that mature in 2011, 2012, 2013, and 2014.
______ 3. Team Shirts issued bonds that mature in 2015.
______ 4. Team Shirts issued bonds that are backed by the credit rating of Team Shirts.
Question 2
To the seller, a cash discount is also considered a(n) ___________________ _.
Fill in the blank(s) with correct word
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