Multiple Choice
Which one of the following is a unique characteristic of an income bond?
A) Interest income is tax-free.
B) Interest income is paid at the time of issuance.
C) Coupon payments are dependent on the issuer's income.
D) Coupon payments are paid on a regular monthly basis.
E) Coupon payments can be converted into equity shares.
Correct Answer:
Verified
Correct Answer:
Verified
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