Floating-rate bonds are bonds that can be redeemed at par at the optio

Floating-rate bonds are bonds that can be redeemed at par at the option of their holder either at specific date after the date of issue and every 1 to 5 years thereafter or when and if the firm takes specified actions such as being acquired,

acquiring another company, or issuing a large amount of additional debt.
Indicate whether the statement is true or false

ANSWER

FALSE