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As a Defensive Maneuver, a Firm Issues Deep-Discount Bonds That

Question 9

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As a defensive maneuver, a firm issues deep-discount bonds that are redeemable at par in the event of an unfriendly takeover.These bonds are an example of


A) greenmail.
B) a "scorched earth" policy.
C) crown jewels.
D) a poison pill.

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