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Quiz 20
Quiz 20
Multiple-Choice Quiz
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to protect shareholders.
to protect bondholders.
3. Which of the following bonds offer the investor the most protection?
First-mortgage bonds
Debentures
Subordinated debentures
Income bonds
4. A company refunds its bonds for any of the following reasons EXCEPT for:
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9/30/23, 12:36 AM Chapter 20 Multiple-Choice Quiz
common stock that has been repurchased and is being held by the issuing company.
8. Preferred shareholders' claims on assets and income of a firm come those of creditors those
of common shareholders.
9. Dual classes of are common in new ventures where promotional usually goes to the founders.
bonds; bonds
warrants; warrants
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