A disadvantage of bond financing is:
A. It allows firms to trade on the equity.
B. Bonds do not affect owners' control.
C. Bonds can increase return on equity.
D. Bonds pay periodic interest and the repayment of par value at maturity.
E. Interest on bonds is tax deductible.
Answer: D
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At the end of a period, before the accounts are adjusted, Allowance for Doubtful Accounts has a debit balance of $500, and net sales on account for the period total $800,000. If uncollectible accounts expense is estimated at 1% of net sales on account, the current provision to be made for uncollectible accounts expense is $8,500
Indicate whether the statement is true or false
Kian is the chief financial officer of Yonkka, Inc He is also a member of Yonkka's board of directors. Kian is
a. an inside director. b. an outside director. c. holding an illegal position. d. a public director.
Individuals become aware of and interpret information about their environment through a set of processes called
A. general adaptation syndrome. B. perception. C. objective reality. D. stereotyping. E. burnout.
Managers should be careful to craft sales contests that support _______ as well as motivate salespeople.
A. sales promotion B. new products C. a competitive orientation D. a strong shareholder orientation E. a strong customer orientation