单选题
On November 15, 2008, Grinell Construction Company decided to issue
bonds to help finance the acquisition of new construction equipment. They issued
bonds totaling $10000000 with a 6% coupon rate due June 15, 2028. Grinell has
agreed to pay the entire amount borrowed in one lump sum payment at the maturity
date. Grinell is not required to make any principal payments prior to maturity.
What type of bond structure has Grinell issued?
- A. Serial bonds.
- B. Bullet maturity.
- C. Redeemable bonds.