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Which of the Following Statements Is True of Bonds

Question 48

Multiple Choice

Which of the following statements is true of bonds?


A) They must be repaid according to the terms set in the indenture.
B) They can be defaulted without penalty.
C) They are the same as preferred stock.
D) They typically represent the fixed assets of a firm.
E) They denote a firm's current liabilities.

Correct Answer:

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