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Basic Question 0 of 10
The bond issuer makes periodic payments to a trustee who retires part of the issue by purchasing the bonds in the open market. This is an example of:
B. extendible bond.
C. series bond.
A. sinking fund bond.
B. extendible bond.
C. series bond.
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
describe the concept of sustainable (persistent) earnings;
describe indicators of earnings quality;
explain mean reversion in earnings and how the accruals component of earnings affects the speed of mean reversion;
CFA® 2025 Level II Curriculum, Volume 2, Module 14.