Asked by
Aimee ManFung
on Nov 04, 2024Verified
Most corporate bonds are traded
A) on a formal exchange operated by the New York Stock Exchange.
B) by the issuing corporation.
C) over the counter by bond dealers linked by a computer quotation system.
D) on a formal exchange operated by the American Stock Exchange.
E) on a formal exchange operated by the Philadelphia Stock Exchange.
Corporate Bonds
Debt securities issued by corporations to raise funding, which pay periodic interest payments to investors until the maturity date when the principal is repaid.
Over The Counter
A decentralized market where securities are traded directly between parties without the supervision of an exchange.
Bond Dealers
Firms or individuals that trade in bonds, acting as intermediaries between buyers and sellers and often holding an inventory of bonds to facilitate transactions.
- Identify the different kinds and functions of bonds within corporate finance.
Verified Answer
KE
Learning Objectives
- Identify the different kinds and functions of bonds within corporate finance.