A putable bond gives the bondholder
A. the right to sell the bond back to the corporation at the original purchase price.
B. the right to sell the bond back to the corporation at a stated premium.
C. the right to sell the bond back to the corporation at the current market value.
D. the right to sell the bond back to the corporation at par.
Answer:D
A putable bond gives the bondholder
A. the right to sell the bond back to the corporation at the original purchase price. B. the right to sell the bond back to the corporation at a stated premium. C. the right to sell the bond back to the corporation at the current market value. D. the right to sell the bond back to the corporation at par.