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Basic Question 0 of 3
A clause in the indenture of Convex Incorporated's 10-year coupon bonds specifies that on all coupon payment dates subsequent to the 5th coupon payment, the bonds can be sold to Convex Incorporated at par value.
B. This clause makes the bonds refundable.
C. This clause makes the bonds putable.
A. This clause makes the bonds callable.
B. This clause makes the bonds refundable.
C. This clause makes the bonds putable.
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe fixed-income securities with embedded options;
CFA® 2025 Level II Curriculum, Volume 4, Module 28.