Question

Bonds requiring pre-specified, year-by-year redemptions are called:

a) Amortizing bonds
b) Serial bonds
c) Convertible bonds
d) Callable bonds

Answer 1

Serial bonds are bonds that require pre-specified, year-by-year redemptions.

Step-by-step explanation:

Bonds requiring pre-specified, year-by-year redemptions are called Serial bonds. Serial bonds are a type of bond that requires the issuer to retire a portion of the bond principal each year until the bond is fully repaid. The payments are made in a series or installments over a specific period of time.