A $1,000 face value bond can be redeemed early at the issuer's discretion for $1,030, plus any accrued interest

A bond that can be paid off early at the issuer's discretion is referred to as being which one of the following?    A.  zero coupon B.  callable C.  senior D.  collateralized E.  unsecured Refer to section 7.2

14.	A $1,000 face value bond can be redeemed early at the issuer's discretion for $1,030, plus any accrued interest. The additional $30 is called which one of the following?    A.  dirty price B.  redemption value C.  call premium D.  original-issue discount E.  redemption discount Refer to section 7.2

15.

A deferred call provision is which one of the following?    A.  requirement that a bond issuer pay the current market price, plus accrued interest, should the firm decide to call a bond B.  ability of a bond issuer to delay repaying a bond until after the maturity date should the issuer so opt C.  prohibition placed on an issuer which prevents that issuer from ever redeeming bonds prior to maturity D.  prohibition which prevents bond issuers from redeeming callable bonds prior to a specified date E.  requirement that a bond issuer pay a call premium which is equal to or greater than one year's coupon should that issuer decide to call a bond Refer to section 7.2

16.	A call-protected bond is a bond that:    A.  is guaranteed to be called. B.  can never be called. C.  is currently being called. D.  is callable at any time. E.  cannot be called during a certain period of time. Refer to section 7.2