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Basic Question 5 of 18
A clause in the indenture of Convex Incorporated's 10-year coupon bonds specifies that on all coupon payment dates subsequent to the fifth coupon payment, the bonds can be sold to Convex Incorporated at par value.
B. This clause makes the bonds refundable.
C. This clause makes the bonds putable.
A. This clause makes the bonds callable.
B. This clause makes the bonds refundable.
C. This clause makes the bonds putable.
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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
contrast cash flow contingency provisions that benefit issuers and investors
CFA® 2025 Level I Curriculum, Volume 4, Module 2.