When corporations default on their debt:
A)bondholders may receive the firm's assets.
B)bondholders will suffer a loss.
C)the board of directors is liable for the payments.
D)the corporation is forced to default on its stock also.

Question

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The Answer of When corporations default on their debt:
A)bondholders may receive the firm's assets.
B)bondholders will suffer a loss.
C)the board of directors is liable for the payments.
D)the corporation is forced to default on its stock also.

When Corporations Default on Their Debt