The issuer of ________ bond may choose to pay interest either in cash or in additional bonds.
A. an asset-backed
B. a TIPS
C. a catastrophe
D. a pay-in-kind
Answer: D
The issuer of ________ bond may choose to pay interest either in cash or in additional bonds.
A. an asset-backed
B. a TIPS
C. a catastrophe
D. a pay-in-kind
Answer: D