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Question
Answer in one sentence.
What is a bond?
One Line Answer
Solution
Bond is an interest bearing certificate issued by the government.
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Sources of Borrowed Capital - Bonds
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Chapter 2: Sources of Corporate Finance - Exercises [Page 37]
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RELATED QUESTIONS
The holder of bond is ______ of the company.
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Bond is a source of short term finance.
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State the features of Bonds.
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