Bonds can be risky investments because
a. bondholders are paid from whatever remains after stockholders have been paid what the corporation owes them.
b. if the corporation loses its assets, the bondholders may never recover their investments.
c. the general price level may fall.
d. the voting power of an individual bondholder may be more apparent than real.
b
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Rent seeking is the act of obtaining special treatment by ________ to create ________
A) a monopoly; consumer surplus B) the government; economic profit C) consumers; a monopoly D) the government; consumer surplus E) competitive producers; a monopoly
Economists use GDP to determine
A) the economic performance of a country over time. B) the well-being of a country's citizens. C) the financial stability of a nation. D) the overall money supply within a nation. E) all of the above.
Any dominant equilibrium implies:
a. a sequential game b. instability c. a price-taking equilibrium d. a Nash equilibrium
Economic decision makers will continue to acquire information only as long as the expected additional benefit exceeds the expected additional cost of the information
a. True b. False