Maneesh 02 May 2020 at 13:53 PM

A sinking fund for a bond issue is a(n)

A) Periodic payment by a debtor to pay for the initial issuing costs of the bond issue.

B) Alternative to traditional long-term debt financing.

C) Periodic payment by a debtor to pay the annual interest costs prescribed by the bond issue.

D) Periodic payment by a debtor to accumulate funds for the retirement of the bonds when they mature.