Multiple Choice
Features of a corporate bond include ________.
A) promises by the corporate issuer to pay a specified percentage of the bond's market value on designated dates.
B) failure to pay either principal or interest when due constitutes legal default, and court proceedings can be instituted to enforce the contract.
C) prior legal claim by preferred stockholders over common and bondholders as to both income and assets of the corporation for the principal and interest due them.
D) promises by the corporate issuer to repay par or principal value of the bond after the maturity date.
Correct Answer:
Verified
Correct Answer:
Verified
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