Cashier Assistant Question: Download Questions PDF
Please explain about the different kinds of bonds?
Answer:
Explain various kinds of bonds to the interviewer, drawing on the following definitions.
Firstly, a plain vanilla bond has a fixed maturity and expiry date, as well as when the principal is due and how much interest is paid at what intervals.
Secondly, a convertible bond provides the option to buy stock, this offsets the reason they might issue stock in the first place. A callable bond allows the issuer the option of redeeming the bond before its maturity date.
Firstly, a plain vanilla bond has a fixed maturity and expiry date, as well as when the principal is due and how much interest is paid at what intervals.
Secondly, a convertible bond provides the option to buy stock, this offsets the reason they might issue stock in the first place. A callable bond allows the issuer the option of redeeming the bond before its maturity date.
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