CSC V1 Chapter 6 fixed income securities 问题
Company ABC sets up a fund that aims to retire $1,000,000 of the principal amount regardless of market price of the bond, which was pre-determined by board of director. This fund is most likely a…
A. Sinking fund
B. Purchase fund
C. Both a and b are correct
D. Call fund
1个回答
panda 老师回答于2年之前
私教老师回答：答案是A，sinking fund 是指sum of money that are set aside of earning each year to provide for repayment of all or part of debt issue by maturity. 这道题的关键是“regardless of mkt price of bond”, 所以purchase fund不合适， 因为purchase fund retire debt when trading price is at or below a specified price.
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