Which of the following is a difference between common stock and bonds?
A) Bondholders have a voice in management; common stockholders do not.
B) Bondholders have a senior claim on assets and income relative to stockholders.
C) Stocks have a stated maturity but bonds do not.
D) Dividend paid to stockholders is tax-deductible but interest paid to bondholders are not.
B
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Suppose that the coupon rate of a floating-rate security resets every six months at
a spread of 70 basis points over the reference rate. If the bond is trading at below par value, explain whether the discount margin is greater than or less than 70 basis points.
What are some common restrictions placed on table and column names by DBMSs?
Tubaugh Corporation has two major business segments-East and West. In December, the East business segment had sales revenues of $690,000, variable expenses of $352,000, and traceable fixed expenses of $104,000. During the same month, the West business segment had sales revenues of $140,000, variable expenses of $56,000, and traceable fixed expenses of $24,000. The common fixed expenses totaled $162,000 and were allocated as follows: $89,000 to the East business segment and $73,000 to the West business segment.A properly constructed segmented income statement in a contribution format would show that the segment margin of the East business segment is:
A. $249,000 B. $145,000 C. $352,000 D. $234,000
The primary goal of a "vulture fund" is to:
A. Pay back loans in default. B. Make a profit. C. Provide countries with debt relief. D. Increase global financial stability.