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7252569-MIdterm-1 (dragged) 19 - Kieso Weygandt Warfield...

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Kieso, Weygandt, Warfield, Young, Wiecek Intermediate Accounting, Eighth Canadian Edition 14-3 d. Serial Bonds . Issues that mature in periodic instalments. e. Mortgage Bonds . Secured bonds having a claim on real estate. f. Junk Bonds . Term used to describe bonds that are unsecured and pay a high rate of interest because of the high risk associated with the bonds. g. Debenture Bonds . Unsecured bonds. h. Convertible Bonds . Bonds that may be exchanged for other securities of the corporation. i. Commodity-Backed Bonds . Bonds that are redeemable in measures of a commodity such as barrels of oil, bushels of wheat, or ounces of a rare metal (also called asset-linked bonds ). j. Deep Discount Bonds . Bonds sold at a discount that provides the buyer's total interest payoff at maturity (in Canada, zero-coupon bonds , or stripped bonds , are a form of deep-discount bond). k. Income Bonds . Interest payments depend on the existence of operating income.
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