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When corporations issue bonds, there are two distinct obligations. What are those obligations? What do the following terms mean in regard to corporations issuing bonds: convertible, callable, and debenture?
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- The cash interest payment a corporation makes to its bondholders is based on ________. A. the market rate times the carrying value B. the stated rate times the principal C. the stated rate times the carrying value D. the market rate times the principalWhen are corporations likely to call their bonds?The legal document that spells out the rights of the bond holders and terms of a corporate bond is called a
- The cash interest payment a corporation makes to its bondholders is based onWhich of the following are differences between a bond and a common stock? (Select all that apply.) A. A corporation has to pay all bondholders before paying stockholders. B. A bond is a claim on the earnings and assets of a corporation, whereas a common stock promises to make periodic payments for a specified period of time. C. A corporation has to pay all stockholders before paying bondholders. D. A bond is a debt instrument that entitles the owner to receive periodic amounts of money until its maturity date, whereas a common stock represents a share of ownership of the institution that has issued the stock.Corporate bonds that can be exchanged for shares of the corporation’s common stock ifcertain conditions are met are calleda. callable bonds.b. equity bonds.c. convertible bonds.d. exchangeable bonds.