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AllenZ AllenZ
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6 years ago
The Massive Steel Corporation issued bonds to finance upgrades to its aging plants. The upgrades are costly, and the bond issue is a substantial amount. To ensure its ability to pay the bonds on maturity, Massive Steel makes annual payments to a dedicated fund. What type of bonds did the company issue?
A) debenture bonds
B) callable bonds
C) sinking-fund bonds
D) convertible bonds
E) serial bonds
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podrapodra
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