What are Non-Convertible Bonds?
- The financial security cannot be redeemed early by the issuer except with the payment of a penalty.
- Bonds can be redeemed or paid off by the issuer prior to the bonds’ maturity date.
- Fixed-income instruments, usually issued by high-rated companies in the form of a public issue to accumulate long-term capital appreciation.
- The value of the assets of the Company or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.
Answer: c. Fixed-income instruments, usually issued by high-rated companies in the form of a public issue to accumulate long-term capital appreciation