Which of the following is generally considered an advantage of term loans over corporate bonds?
A. Higher flotation costs
B. Speed, or how long it takes to bring the issue to the market
C. Fixed bond terms after the bond has been issued
D. Regular interest and principal payments on specified dates
E. Standard terms of issue requiring no negotiation between the borrowing firm and the financial institution
Answer: B
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De Gaulle pushed Nixon to close the gold window at Treasury, and this one action moved the International Monetary Fund (IMF) immediately to establish a floating exchange rate system.
Answer the following statement true (T) or false (F)
A journal entry on the date of record noting the number of stockholders entitled to dividends is made
Indicate whether the statement is true or false
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