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NEW QUESTION: 1
The most common forms of redemption provisions found in privately held companies are as follows. Which of the following is NOT out of the common forms of redemption provisions?
A. Future redemption by the
issuing company is mandatory and based on a specific redemption schedule.
B. Future issues have sinking funds provisions similar to vehicle by which bonds are retired at intervals up to their maturity dates and are referred to as sinking fund preferred.
C. The entire issue is redeemable at the option of the issuing corporations at a changing price contingent upon a certain event.
D. The entire issue is redeemable at the option of the issuing corporation at a specified price over a designated time period. These types of issue are commonly referred to as callable.
Answer: C