The type of bond in which the coupon payment is mailed to registered bondholders and the owner is recorded by issuing company is classified as _____________?
Correct answer: D. registered bonds
- A. unregistered bonds
- B. indenture bonds
- C. trustee bonds
- D. registered bonds
Explanation
In a registered bond, the issuer keeps the owner's name on record and sends coupon payments directly to that registered holder. Bearer or unregistered bonds instead rely on possession of the certificate.
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