Answered

If bonds payable are not callable, the issuing corporation

A. must get special permission from the SEC to repurchase them
B. can repurchase them on the open market
C. can exchange them for common stock
D. is more likely to repurchase them if the interest rates increase



Answer :

GinnyAnswer

Final answer:

Bonds payable that are not callable can be repurchased on the open market by the issuing corporation.


Explanation:

Bonds payable that are not callable mean they cannot be repurchased by the issuer before maturity at a pre-determined price. In this case, the issuing corporation can repurchase them on the open market if they choose to do so. They are not required to get special permission from the SEC or exchange them for common stock. The decision to repurchase may be influenced by factors such as interest rate changes.


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