When a firm refunds a debt issue, the firm's stockholders gain and its bondholders lose. This points out the risk of a call provision to bondholders and explains why a non-callable bond will typically command a higher price than an otherwise similar callable bond.
Answer the following statement true (T) or false (F)
True
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A majority of citizens in a community do not agree with a minority of citizens that the community needs a nonprofit organization to serve the needs of homeless citizens. This sentence is an example of ______.
A. an externality B. market failure C. government failure D. demand heterogeneity
How should you identify the title of an article in a newspaper?
a. italic b. bold c. underline d. quotation marks
Amber Corp. has 3 million shares of common stock outstanding. The stock is selling at $30 per share. If Amber announces a 20 percent stock dividend, the transfer that must be made from retained earnings to the common stock account to account for the stock dividend will be _____.
A. $3,600,000 B. $18,000,000 C. $14,400,000 D. $108,000,000 E. $6,000,000
An agent is not required to keep which of the following information confidential?
a. Unique business methods. b. Customer lists. c. Information that his or her principal is engaged in criminal activity. d. Business plans.