C is corrent. Serial bonds are bond issues that mature in installments (i.e., on the same date each year over a period of years). Term bonds, on the other hand, are bond issues that mature on a single date.
A is incorrect. Serial bonds are bond issues that mature in installments (i.e., on the same date each year over a period of years). Term bonds, on the other hand, are bond issues that mature on a single date.
B is incorrect. Serial bonds are bond issues that mature in installments (i.e., on the same date each year over a period of years). Term bonds, on the other hand, are bond issues that mature on a single date.
D is incorrect. Serial bonds are bond issues that mature in installments (i.e., on the same date each year over a period of years). Term bonds, on the other hand, are bond issues that mature on a single date.
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