Dual-dated bonds allow repayment to be carried out between two dates. Which statement best describes them?

• A. Repayment could be carried out by the government between two dates
• B. They have a single fixed redemption date
• C. They are irredeemable
• D. They are inflation indexed

Answer: (A)

Dual-dated bonds give the issuer the option to redeem on either of two specified dates, so repayment can occur at any time within that window. This flexibility is what makes the statement that repayment could be carried out by the government between two dates the best description. They are not a single fixed redemption date, not irredeemable, and the feature isn’t about inflation indexing—the defining idea is the two redemption dates the issuer can choose from.