Q317
Replacement of bearer bonds with registered bonds is because of lack of
A.
security of indentures
B.
security of unregistered bonds
C.
security of bearer bonds
AnswerD.
security of registered bonds
Answer: Option C
Solution
Answer: Option C
Solution:
Replacement of bearer bonds with registered bonds is because of lack of security of bearer bonds. Bearer bonds that are lost cannot be replaced as no records exist on the identity of the security owner.