Melodic Music, Inc

Melodic Music, Inc., recently offered bonds for sale to the public. The unsecured corporate bond paid interest of 8% to investors for the 20-year life of the bonds. Melodic Music is obligated to

A) represent each bondholder as an owner in the company.
B) pay interest semi-annually.
C) pay stockholders their dividends, before paying bondholders their interest.
D) pay each owner their principal if and when they want to cash in their investment.