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A Debt Contract Usually Specifies

Question 10

Multiple Choice

A debt contract usually specifies


A) that only the original lender can collect the payments.
B) how much of a company is owned by the lender.
C) which assets a lender will receive if a company defaults.
D) a specific amount of money owed and the rate of interest.
E) the rights that the lender has to a company.

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