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Unformatted text preview: Types of bonds-secured (very few)-unsecured (most, debenture)-convertible-callable (pay premium sometimes) Issuing procedures-bonds certificate-face value-maturity date-contractual interest raterate to determine cash interest paid, generally semiannually CLICKER: what term is used for bonds that have specific assets pledged as collateral? Secured bonds Bonds may be issued at: 1. Face value 2. Below face value (discount) 3. Above face value (premium) bond prices are quoted as a percentage of face value CLICKER: when market rate of interest exceeds the stated rate, bonds will sell at what? Discount *THE SLIDES ARE ON MOODLE...
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